Bitcoin News News

The Hash war is Not Over! Says ‘Craig Wright’ Backer of Bitcoin (BTC)

CNBC Crypto trader host Ran Neuner interviews Bitcoin Cash supporter ‘Roger Ver’ and Bitcoin backer ‘Dr Craig Wright’ – Asking them both if the hash war is actually over?

Roger Ver thinks the Hash war is all done and dusted! And Craig Wright says it’s still going! Here is what they both had to say..

Ver – Right from the opening bell the Bitcoin ABC implementation of bitcoin cash had substantially more hash rate than the Bitcoin SV (Satoshi’s Vision) implementation of bitcoin cash, and its been that way the entire way through

Roger then continued with..

There is already waaaaaay more proof of work that’s been done on top of the Bitcoin ABC version of Bitcoin Cash than the Bitcoin SV version, so its done no good from my point of view

Crypto Trader Ran Neuner then says to Craig;

There were disagreements between the two camps which couldn’t be reconciled and forced a chain spilt! Then there was going to be a hash war.. or was there a war?

Craig replies with..

There still is a hash war! We are doing something known as persistence hunting.. It’s a technique where, we’re doing an endurance attack – were going to support the original chain, but we are not going to waste a lot of money doing it, so we will move mining equipment back and forwards between BTC and Bitcoin, and as we are doing that we will earn money on BTC which we will sell, which pays for our electricity.. and at any point no one knows whether we are moving hast rate over to BTC, or … we are seeking to re-org the chain. so, what you will find is whenever we remove some of our hash rate and start earning money, then.. the other side throws a whole lot of hash rate off BTC, costing them money at the ABC Chain, and they burn a lot of money as we earn.

CNBC Crypto Trader Ran continues to question Craig asking;

So let me get his straight!..  What you’re saying is, for you this is not an ego war? (Craig confirms it is not an ego war).. but you are playing this to actually make money.. at what point do we declare that either Bitcoin ABC or Bitcoin SV is the new BCH?

Craig quickly replies with..

Errrm, well I still call it bitcoin! We are following the original bitcoin as of the white paper, we are actually going to return it more and more to there, we don’t have people in the way blocking is anyone! So we are going to return it to bitcoin 0.1, we are going to fulfil the original version of bitcoin. We are going to get rid of a lot of the silly additional ideas, were people thought it was really about drug trades, and privacy and anarchy.. and we are going to make it cash, cash my grandmother would be able to use, cash i would be happy to give my children to use in a tuck shop

Craig then tells the CNCB host – That despite the hash war which is still going on, his entire corporate team ‘globally’ are still working harder than ever on the future development of Bitcoin (BTC), stating..

at the peak we achieved 1500 transactions per second on our testing last night – We had the biggest block on any public blockchain ever achieved – So we are happy to keep scaling that! We done 64, we are now going 128 megs, then in the next 6 months we’ll be opening up to a whole 512 or half gigabyte blocks, and scaling from there. Our aim is within 2 years we’ll be at a level which will take every single blockchain, globally – and have a bigger volume. We’ll be able to take every transaction Ethereum has ever done, every transaction BTC, Paypal ‘which isn’t even a blockchain’ and throw them all together, and ‘without a blink’ process them.

The hash wars are not bringing down the market, it’s bringing down the casino!

 

TELL US WHAT YOU THINK ABOUT THE HASH WAR..?
BY POSTING YOUR COMMENTS BELOW

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