According to Togami, for Bitcoin Cash there is now a "real risk" of double-spending, which may have a paralyzing effect on the BCH's exchanges and liquidity, that is already at a low level.
Togami spoke in a similar way in May, when the average hashrate of Bitcoin Cash was approximately 12% of the average hashrate of bitcoin, and the exchanges conducted transactions with only one confirmation. In his opinion, this situation is "brutally dangerous".
At the moment, the BCH network resembles Feathercoin, a project that separated from Litecoin in April 2013 only then to lose signs of life a few years later.
Starting with a course of about $ 0.5 per coin, Feathercoin in June of the same year experienced a 51% attack and sharply lowered in price, during the next 3 years being at 1 cent or lower.
https://twitter.com/wtogami/status/1036887168021540866
- wtogami
According to Togami, parallels with BCH are obvious.
