A peer to peer electronic cash system can change the world. Because of this, there was a huge battle for control over the Bitcoin network. That round was unfortunately won by The Powers That Be…as BTC is effectively no longer Bitcoin.

In August 2017, Bitcoin Cash forked away from Bitcoin to continue the Bitcoin experiment as originally intended — as permissionless peer-to-peer cash. But the round two battle is being fought right now.

The freedom lovers lost round one to a company called Blockstream, which hired the top Core developers and prevented Bitcoin from increasing the blocksize. In this second round, another company called nChain is seeking to again take control over the Bitcoin Cash protocol and make it subservient to their own interests.

Crypto is Normally a Peaceful, Free Market Activity

Cryptocurrency is ultimately a voluntary activity. Anyone (users, miners, developers, businesses) can run whatever software they want. Distributed ledger systems like Bitcoin work because there is a consensus among a group of people to use the same network rules.

When there is a disagreement over those rules, any group (even a small minority group) can choose to do their own thing. In other words, they can “fork off” and create their own coin. The free market then, through price discovery, determines the value of that coin and its associated network.

For most, this system works great and is deemed fair. But that’s not good enough for some people. Afraid or unwilling to compete in the free market, they seek to actively disrupt the operation of other networks.

The “Hash War”

The supporters of nChain and their SV client have vowed to wage a “hash war” on others who won’t join them. Normally, when a coin splits, miners on one network are completely separate from miners on the other network.

Therefore, threats of a hash war can only mean one thing — that they intend to mine on their competitors’ blockchain in an attempt to disrupt it. The most obvious method is the so-called 51% attack which can occur if a miner or group of miners acquire more than half the total hashpower of the network.

There Are Solutions to 51% Attacks

There are multiple solutions. I will publish my own research soon on this.



The fact that there are already promising discoveries being made against the “ultimate weapon” should be not only the nail in the coffin this time around, but also a “beware” sign for the future.

To the would-be attackers: We’re at least 3 steps ahead of you.

If anyone thinks spending $100M on mining is going to bring them the power to destroy BCH, don’t count on it. We are smarter, more dedicated, and more prepared than you think, and we will defend Bitcoin Cash in the name of all that is good.