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no. the price to dollar is mostly controlled by the exchanges supply and demand, which are mostly opaque. if I were to bet: price collusion to dump it before
by gcb0 9y ago
no.
the price to dollar is mostly controlled by the exchanges supply and demand, which are mostly opaque.
if I were to bet: price collusion to dump it before every miner jumps into the new chain exclusively.
- DaiPlusPlus 9y agoBut where's the evidence of miners switching? The block-mining-reward for BCH is very low - and from what it looks consumers looking to use BitCoin for retail transactions will have a hard time with BCH because very few, if any, retailers support BCH compared to BTC.
- gcb0 9y agoagain. I don't know. you don't known. the real btc/bth to dollar offer and supply is not transparent. miner can move either way in any second. I don't follow all of the public groups. and there are mostly private big miners now anyway. you might be right on the reason. only the exchange knows. the trick is that the dollar to btc is a known value for them only.
- rlpb 9y ago> But where's the evidence of miners switching? Why does this matter? If you're concerned about double spend, just wait for more confirmations and treat it as a slower to resolve chain. In any case, double spend problems could only happen if miners _did_ switch, so then you wouldn't need to be worried about miners not switching.