Price parity scenario ETC ETH; if difficulty war mining for hashpower leads tot 50% / 50% mining.

in #ethereum • 8 years ago (edited)

Watch this video from one year ago. Bitcoin hardfork discussion.

Tone Vays explain the risks/possibilities of a hard fork.
Fase 1 (accomplished)
Start at 1hr 4 minutes: what Tone Vays outlines happens exactly a year later to Ethereum. (ETC/ETH).

Fase 2 (next step?)
At 1hr 10 minutes he explains "the currency wars". A "currency war"  means chains (ETH versus ETC) competing with each other for hashpower". They compete by decreasing the difficulty rate to attract miners, (mining difficulty war).

If a currency war ,et ergo, "mining difficulty war" occurs, at the end of the day, the hashpower is equally divided between (in this case) the two chains (ETC and ETH).  In that case ETC and ETH wil tend to parity in hashpower and price.


See the present hashpower: ETH versus ETC

Please share your thoughts



#bitcoin #mining #money #crypto-news
8 years ago in #ethereum by
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