Bit Cash Coooooooooin! {BCC}
And I know it is supposed to be called Bitcoin 'cash', but as it changed the 'game' rules, I changed its name.
It is called test-net for a reason
One of the very smart ideas that has been put into Bitcoin {BTC}, the original Free and Open Source code, is the so called 'test-net'. This is a separate blockchain that has no other purpose than to test certain software changes and experiments in a safe environment. Meaning, it will be safe to try about anything, without causing damage to the 'live' blockchain. It could be used to test very large smart-contracts , for instance. And if it causes havoc on the test-net blockchain it can simply be restarted. Developers then can go trough the logs and see what happened, maybe it was too much load for the mining hardware. Or the network itself chocked on propagating large blocks over the test network. Yet, no matter what, the users of the live net blockchain would be safe. They would not even have to know it does exist. A thing known as a stress-test, for instance, would be run on such a test-net, more than once. Doing this on a live-net could cause the (main) blockchain to crash, where it would come to a halt.
The propagation of new blocks is a very important part of the original Bitcoin setup. It is still used this way by the BTC and many other Proof Of Work {POW} blockchains. The 'miners' have to reach consensus about which blocks are to be considered the right chain. This will be the blockchain that is not only the longest, but also has the most accumulated hash-power. For this reason Bitcoin 'cash' {bch} was to be considered a dead trail, when it tried to fork off the main Bitcoin {BTC} blockchain. It was only possible to do so by cheating, as the consensus by the miners, supported by the full nodes, was for the original Bitcoin {BTC}. If the bch camp had not cheated, it would have faded out right away. Why? Because to be able to accumulate more hashing power than the original Bitcoin they would have needed all miners to switch to their fork. Instead they altered the code of their fork, so it could be mined more easily. The Whitepaper consensus rules, as quite clearly explained by Satoshi Nakamoto in chapter eleven, were changed. Which is weird because the forking splitting clones claimed they were true to the whitepaper...
1 Megabyte blocks for a reason
Even with more than 10'000 full nodes worldwide, Bitcoin {BTC} has a tough job propagating all transactions and blocks over the network. With SegWit added the blocks got optimized, being able to fit about 2 to 4 times more transactions inside a block effectively. While still moving the blocks fast and secure over the network. And every 10 minutes that has to be settled in a way that the miners reach consensus about what is the right blockchain. Complex, yes, and it is even more complex than I am describing it here. Yet, I hope you can understand how well balanced the Bitcoin network needs to be. As fast internet is sometimes wishful thinking and even forget about ultra fast. There is also the danger of hardware failure and attacks of several kinds on a blockchain network. So, any change to the block-size has to be done with care. Just like leaving out transaction verification maybe seen as a speed advantage, but it could cause the need for a re-organisation {re-org}, for instance. Re-orgs happen anyway, but mostly it just roles back one block, or two at the most. Except when things really go wrong. Because of a stress-test, for instance, that is done on a live version of the blockchain, instead of using a test-net.
But when there are not enough full nodes available, that are the backbone of a network, together with the miners, blocks might get propagated in a wrong way, or not at all. Where every miner-node could create a different version of the blockchain. This could also be done as an attack, but it is even worse if such a network chokes itself. Transactions might need to be send over the whole network, blocks need to be recalculated, it could end up in a real mess. Especially when at the same time some might have had the dumb idea to run a stress-test on a live network. While there are maybe Shark-pools that have between 10 to 20 ExaHashes available to attack the network in distress. In case of the 'cash' split offs these networks would get flooded by blocks that would cause a lot of havoc. As the nodes of those splits would not 'know' where to get the 'real' blocks from, or how to re-org. While the difficulty of these splitting blockchains will get tanked as the attacking Shark-pools put a lot of ExaHashes behind it. (As far as I can see there is about close to 28 ExaHashes available for Shark-pool attacking both main looting 'cash' mutineers. Being able to completely destroy them. If that is the intention then BCH and BSV will be gone before the end of 2018.)
The anti-Satoshi
There are people who now start to blame the low price of their Crypto on anything but the cash looting split offs. And even getting angry about possible Shark-pools taking care of business, by cleaning up all the cash crap. Well, those who took a gamble in believing and following the anti-Satoshi have themselves to blame. Going to experiment on a live blockchain is to be considered a bad idea, always. Attacking a strong and secure blockchain like the one and only Bitcoin {BTC} can even be seen as a desperate gamble. The cash split off in 2017 was only able to do so because it messed with the difficulty algorithm. It never got more combined difficulty in hashing power. Just like all the other forking looting split offs that took Bitcoin its brandname and drained some value out off it. While causing severe damage to the whole of the Cryptos realm in the proces, as any war has a cost in loss to it. And it comes with collateral damage, in this case the mutineers, the cash fork and those alike, caused a lot of people a lot of losses. To see them getting destroyed by their own mistakes somehow did make me feel better today. As Bitcoin, the one and only, will be the main Crypto, others will be mainly traded against it. Even though the next attack comes from the mainstream media, with their promotion of the 'cRipple crap'... But with this one the attack seemed to come from the inside, but was it?
If there is one thing that these cash fork offs proved, it is that the individual claiming to be Satoshi Nakamoto is far from being so. In fact the rest of the Cryptos might say thanks to that man and his supporters, as he made it possible to destroy the fake Bitcoin split offs, including 'his' own version. A better name would be Bitcashcoin for both branches, well for as long as they still exist that is. Because the only thing that fills their blocks are stress-test transactions, on a live blockchain. While their difficulty algorithm is a cheat, to try and get the longest chain. And in the meantime those big-blocks fanatics will see how this dangerous testing on a live blockchain will get their value destroyed, probably with the help of Shark-pool mining power. Why? Well, because those frauds may try to cheat, lie and deceive, at some point it will return to them. And then those who laugh last, will laugh the hardest. Still, those who do not get how the Lightning Network {LN} is also true to the real Bitcoin setup, did not get what IP to IP transactions were about. And in case they also missed out on the irony, the whole cashing-in-on-big-blocks thing was a company controlled attack. Now isn't that ironic, don't you think?
Bitcoin {BTC} defenders
The consensus rules were in the code, as described in the Satoshi Nakamoto whitepaper. Those who tried to cheat themselves out off it, did cut into their own flesh. All their bigmouth 'leaders' have led them to believe they were the righteous ones. Now I can imagine that must hurt, not only because mining that shit is costing them all value. Imagine what they could have reached if they had still mined Bitcoin, the one and only BTC? Some, I guess, will still refuse that their cash forking splits lost every single battle in the war they have started. Sure, throw in 128 Megabyte blocks, while the social media platform that supports it also is going down with the ship and its captain. Yes, and I know that quite a few on this platform supported the mutineers, even believing the anti-Satoshi was an okay dude. While everything seemed to prove he is/was a banking monetary governance shill. Somehow this proved it is not just about creating a form of sound money that is in line with the current 'ruling' system. Cryptos and blockchains are an alternative, and as such the 'old' system will try to bring it down, by all means. Attacking the number 1, Bitcoin {BTC} then does seem the most probable. Even at a level where it gets pumped to absurd fast gain levels. And then dumped, having people lose faith in Cryptos.
The mutiny performed by the so called big blockers, in 2017, with support of the anti-Satoshi cult, created a clone, known as cash. Now there was another attack on Bitcoin {BTC}, with the same cheat still inside the code. But both looting camps were unable to get the longest chain with the most accumulated hashing power. According to the Whitepaper, as made by the real Satoshi Nakamoto, all of the cash split of forks are attackers. Because they tried to cheat the difficulty to get the longest chain, but seem to have forgotten about how the total accumulated of Hashing Power defines which is the one and only real Bitcoin. And that, to this date, is still BTC. The majority of the miners and full nodes, users, traders, markets and developers kept true to the one and only Bitcoin. While all Cryptos got damaged heavily by the actions of some individuals and their blind hate. As if they do not care about anything but themselves. Yet, the Crypto community did unite, somehow, in consensus.
Just look at the current situation of last weeks crash of the Cryptos market. Look at the dates, they are related to both grafting 'cash' blockchains. Essential are the dates of the 14th and 19th of november 2018. Those who supported the one and only real Bitcoin have been attacked on many fronts. And again in their wallets. Who orchestrated this and why does not even seem to matter. Even if it does hurt, there is at least some comfort in watching the cheating looters apparently destroying themselves. Maybe even with a little help of about 28 ExaHashes of Sharkpool mining power...? Just enough to push them both over the edge into oblivion. Them to be known as BitCashCoin, the next BCC. And Karma truly is a BCH...
May the consensus be with us!
The whole 'cash' crap effects clearly visible.
Screenshot taken at http://coinmarketcap.com