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How things are going with the Bitcoin Cash ABC vs SV fork


wry

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Posted

Since Stake now takes Bitcoincash I thought this was a very interesting summary of the current fork.  I'm surprised that Stake has not made an announcements or any changes due to the fork.

Since I always thought of him as a posing blow hard, I figured Craig Wright's SV fork would be quickly forgotten, but apparently it had the most hash power for awhile.  Wowza.  The good news if you are a ABC fan is that the ABC chain is now longer and apparently it has closed the hash power gap due to bitcoin.com redirecting mining power to ABC, really interesting.

Exchange Poloniex is tracking both coins and ABC is worth more than SV but should be really interesting to keep watching.

I'm sitting tight for now with my tiny amount of bitcoin cash, would love to hear how you are playing it.

Link to full story:  https://www.coindesk.com/what-we-know-about-bitcoin-cashs-two-blockchains

  • 2 weeks later...
Posted

Just an update to this since it's been awhile.

SV gave up trying to take over the BCH chain and is now going to be know as Bitcoin SV.

However, the bad news is that while this makes it possilbe for both chains to implement replay protection, so far neither chain has.

I just got the instructions from Coinomi on how to claim SV from my wallet, and it is going to be a chore, plus, have to pay 1% fee since no replay protection.  

If there was any doubt before, Craig Wright is a major league stinker.

EDIT:  Bitcoin SV has issued their own guide for how to safely split your coins:  https://bitcoinsv.io/2018/11/26/user-guide-to-managing-bch-coin-splitting/

TLDR: Wait until January for full replay protection.

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