TUKANG KONBLOG

In 2005 Michael Burry discovered that the mortgage back securities that banks were selling to investors had included in them mortgages that were delinquent. This he recognised to be a fatal flaw and as history would record, he successfully engineered a long term bet against those securities in what we know today as "The Big Short". That there were delinquent mortgages in a package of securities was not unknown. The idea was that returns from the good mortgages easily covered the small losses from the bad. The problem however was that there was an insatiable appetite for these products and investors were willing to accept ever higher level of risky mortgages in their basket, to the point where these sub-prime mortgages were "manufactured" to supply the demand. Investors drew comfort from the widely held but faulty notion that house prices will keep rising and the property market will never collapse. They were wrong, and we are still living the result of that folly, w...

Here Is Why                           BTC      BCH       TOT        BTC     BCH         BTC       BCH         BTC                            ( Hash Power )                   ( Difficulty)           ( Block Time )    (mempool) 11 August            6600      338       6938         923        115       10.00         21            55 12 August            6199      416       6615         923        115 ...

Greater adoption especially in Japan. True. Higher prices leading to greater interest and media hype. True. Large investors and hedge funds investing. Also True. More people trust the Core developers. Perhaps True. Segwit is locked in and will activate soon. Maybe True. But what if the people in control allow it !? So who are these people in control? They are the people who simply by their action will affect the price. No, not the market manipulators as their desired results are not guaranteed and effect only temporary. No not the developers or even users. I am talking about the people in control of the hashing (mining) power, and by their action supporting or withdrawing their hashing, affects the success or failure of a chain. For the first time in Bitcoin history. if the miners withdraw their mining power from mining BTC, transactions on the BTC chain will grind to a halt. ( See Chain Death Spiral ) Block confirmation time will be exceeding long and user experience so bad that BTC...

In this article I present the facts as I see them and leave it to you to reach your own conclusions. My opinions are my own and I encourage you to do your own due diligence . I could be wrong. It is your hard earned money. Rehashing and analysing the figures over the period of the fork it is clear now that Bitcoin Cash had a difficult birth. Looking back I am convince that it would have been highly unlikely to succeed. I think what eventually happened was planned and executed by persons unknown who clearly wanted Bitcoin Cash to succeed. The key is to analyse the available hash power and look at how it was applied. Refer here to Jimmy Song's article on how the Emergency Difficulty Adjuster  (EDA) kicked in. Before it can be activated at least 12 blocks must be mined! ( The UAHF specifications . Starting block 478557 .) The First 12 Blocks                                         ...