Is a BTC - BCC flippening in the offing?

[Steven Schear]

A snapshot from a few minutes ago. Notice how pricing became a hockey stick
when BCC approached 0.153 BTC.

[image: Inline image 2]

On Fri, Aug 18, 2017 at 1:52 PM, Steven Schear <schear.steve at gmail.com>
wrote:

> They may be separate but they are not unrelated. There is only so much
> mining power and its distribution affects both (actually all) chains.
>
> Speaking of which BCC has reach the price (0.153 BTC), calculated on
> reddit by Jonathan Vaage, at which mining on BCC (including all costs and
> rewards) is better. This has become a rallying and resistance level and the
> battle has been joined between these armies of miners, traders, whales, etc.
>
> The next scheduled (not 20% emergency) difficulty adjustment comes in just
> a few days for BCC (could be this weekend). After that, BTC also adjusts in
> a few days. If a flippening is in the offing I think it would come shortly
> after the BTC adjustment. If the miners in a major cartel then flee to BCC,
> it will leave BTC bereft of hash power and block intervals could explode
> preventing any practical use of the blockchain (a Chain Death Spiral). If
> so, Core supporters will probably be forced into using similar "emergency"
> difficult adjustments (even though they tried to humiliate Cash advocates
> about this methodology before the fork).
>
>
> On Fri, Aug 18, 2017 at 12:56 PM, Mirimir <mirimir at riseup.net> wrote:
>
>> On 08/18/2017 05:55 AM, Georgi Guninski wrote:
>> > On Fri, Aug 18, 2017 at 09:29:54AM -0500, Steven Schear wrote:
>> >> original) and Cash. When the fork happened those holding BTC (in their
>> own
>> >> wallets) were also able to claim an equal amount of BCC (for free).
>> This
>> >> created a huge supply of BCC. However, many or most people rarely keep
>> >
>> > Isn't this setting a very dangerous precedent of doubling bitcoin +
>> > derivatives? One of the things I liked most in the btc design was its
>> > resemblance of the gold standard -- the maximum amount of btc was known
>> > and fixed. Now they are violating this by creating "derivatives" out of
>> > nothing like the fucked up real world financial system. Hypothetically
>> > if in the future they fork $n$ times, they will increase the amount of
>> > btc + derivatives by factor of $2^n$.
>> >
>> > Currently I recommend to the btc overlords in future forks to keep the
>> > amount of btc + derivatives fixed, possibly by choose ``old XOR new
>> > btc''.
>>
>> I'm not sure how else a fork could work. I mean, it's a fork in the
>> blockchain. Initially, it's an exact duplicate. And thereafter, the
>> blockchains are entirely separate and unrelated. So there's no way to
>> enforce an XOR choice.
>>
>
>
>
> --
> Creator of the Warrant Canary and the Street Performer Protocol. Wi-Fi
> standard spec. creation participant and co-developer of eCache. Director at
> MojoNation and Cylink. Founding member of IFCA and GNU Radio.
>
> Shameless self-promoter :)
>



-- 
Creator of the Warrant Canary and the Street Performer Protocol. Wi-Fi
standard spec. creation participant and co-developer of eCache. Director at
MojoNation and Cylink. Founding member of IFCA and GNU Radio.

Shameless self-promoter :)
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