Before The Upgrade:
Bitcoin miners switch to Bitcoin Cash when it becomes more profitable.. when the price rises… now Bitcoin Cash suddenly has super fast transaction times while Bitcoin becomes super slow, and the Bitcoin fees skyrocket to $20 per transaction, making it very difficult to make a transaction.
…And when the mining difficulty adjusts after a few days… the miners are all gone. The Bitcoin Cash network power goes to almost zero, leaving it with a slow transaction time.
After the upgrade:
The upgrade implements the DAA (Difficulty Adjustment Algorithm).
What is that exactly? Remember when I just told you that when the DIFFICULTY adjusts, Bitcoin miners LEAVE?
Well, that’s what the upgrade is changing.
“We should see a split of the hashrate (network power) between BTC and BCH that is close to the split in term of price.”
As the price of Bitcoin Cash rises, Bitcoin miners will switch
to Bitcoin Cash … and STAY THERE.
The legacy Bitcoin network becomes crippled at that point, and almost unusable. The network power will NOT switch back to Bitcoin.
People will send their transactions as quick as possible to get out of Bitcoin, and it will be a sinking ship like the Titanic.
Besides, what incentives do miners have when Blockstream (the company behind Bitcoin) wants the fees to go to “peer-to-peer liquidity providers, and not miners.”, as they recently admitted in their investor letter?