The latest Bitcoin Cash block appeared more than six hours ago. Assuming honest timestamping, we can expect block #478576 to trigger
REQ-7, resulting in a 20% difficulty reduction.
Bitcoin Cash could really be dead by then, exchanges are likely going to delist it if more miners pull out, causing further transactions delays. A delisting would mean cerain death as there'd be no incentive to mine therefore pushing BCash in a vicious cycle.
So do you mean Bch has no future? It will fall soon?
It's a possible outcome.
There are many possible outcomes.
That's his/her opinion. Doesn't seem terribly unreasonable to me though.
Of course, it sounds bizarre that any exchange would de-list a token trading at $400+. But if that token has no network, and thus cannot transact, then it becomes redundant. Regardless how much the market "thinks" it's worth. Just because a token has value in the market, does not guarantee it's survival. The two are not tied by any sort of guarantee.
Exactly, if there won´t be enough miners, then BCC will possibly die soon, nodoby will keep a currency with slow confirmations, it's not viable, this is the actual scenario.
Miners follow price.
After the diff-adjustment that should happen the next days it will be extremely profitable to mine BCH. It's quite obv what any sane miner does then.
Possibly.
Depends on how quickly they can bring the difficulty in line, bring more miners on board, and increase the hashrate. If that takes too long, and transactions are taking days at a time, delisting could happen. A 20% correction doesn't sound like it goes far enough to me with the current hashrate.
Which makes me wonder if the team(s) behind BCH are the ones causing this unexpected price pump? In order to try and generate mining support?
We're all guessing at this stage. And given the motives, politics (and weight of held BTC) behind it, it makes guessing pretty tricky in the short term. But I reckon you'd be a brave man to be actively buying it at the moment. Hold what you inherited, yeah, fine. Sell what you inherited (if you can), hell yes at current price. But buy more? At these prices? With so little mining support? Risky ....
