In this article, we recap the main highlights of the events of day 2 (16 November 2018) of what has been called the “Bitcoin Cash Civil War”, a fight between two powerful camps, Bitcoin ABC and Bitcoin SV, for the title of “The Real Bitcoin Cash.”
Block Mining Status
The mining pools supporting ABC are Antpool, Bitcoin.com, BTC.com, and Viabtc; and those supporting SV are BMG Pool, SV Pool, Mempool, and Coingeek.
At press time (November 17th, 14:20 UTC), according to data from Bitcoin Cash statistics site Coin Dance:
- 290 blocks “have been mined under the new consensus rules”
- Bitcoin ABC is 17 blocks ahead
- Bitcoin ABC is 53.4% ahead on proof of work
- Bitcoin ABC has 49% more hash rate (64% vs. 19%).
Crypto Exchanges
Bittrex:
Update: Bitcoin Cash (BCH) deposits and withdrawals are now open. Confirmations have been temporarily increased to 20 for deposits. Bitcoin SV (BSV) balances are in accounts. https://t.co/EIcqG4pu6N
— Bittrex (@BittrexExchange) November 17, 2018
Comments From the Bitcoin ABC Camp
Bitcoin ABC Team:
Bitcoin ABC 0.18.4 is now available!
This release contains a checkpoint to lock in the recent successful upgrade of the Bitcoin Cash network. https://t.co/CZ825whGkZ
— Bitcoin ABC (@Bitcoin_ABC) November 16, 2018
Emil Oldenburg, CTO of Bitcoin.com:
With ABC releasing 0.18.4, the exchanges can feel safe to resume deposits ane withdrawals as long as they have split their wallets. There is no longer a risk for big re-orgs och someone rolling back the chain to a pre-fork state.
— Emil Oldenburg (@emilolden) November 17, 2018
Nishant Sharma, who works in Communications & PR at Bitmain:
The ongoing fight between #BCH and #BSV is about network effect. No matter how much money BSV supporters burn, they cannot take away the network effect of BCH, which has been consolidating since 2010#BitcoinCash #bitcoincashfork
— Nishant Sharma (@nishantsharma87) November 17, 2018
Comments From the Bitcoin SV Camp
Calvin Ayre, Founder Ayre Group and Calvin Ayre Foundation:
Market manipulation is still cheating today, same as yesterday and tomorrow. DDoS is a crime and in the US a violation of the constitution and I am hearing that a US resident affiliated with https://t.co/ycwTZ1zR0H is behind the DDoS on CoinGeek. Roger Ver?
— Calvin Ayre (@CalvinAyre) November 16, 2018
Interesting Comments From Third Parties
BitMEX Research:
Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up
— BitMEX Research (@BitMEXResearch) November 16, 2018
Bitcoin Cash ABC miners are also making considerable daily losses, even larger losses than SV miners, according to our estimates. pic.twitter.com/uMS9LiYUXS
— BitMEX Research (@BitMEXResearch) November 16, 2018
Bitcoin ABC’s Use of Checkpoints
Chris Pacia, the Lead Backend Developer at OpenBazaar, published a great blog post yesterday that is highly recommended reading if you want to understand what checkpoints are, how/why Bitcoin Cash has been using them after each hard fork, and how they are helping Bitcoin ABC in the war with Bitcoin SV.
Featured Image Credit: Photo by “Stijn Swinnen” via Unsplash.com
