It seems that the Crypto realm is waking up.
One big mistake that most of the fake Bitcoin blockchains made is that they took the original BTC blockchain and cloned it. They became forking blockchain splitting clone attackers, it even sounds rude. And it was an attempt to rip value out off the original Bitcoin {BTC} blockchain. One of the biggest BTC rip offs even had its own attacker, a fake friend that actually was a real foe. All going nuts about size, the bigger the better and actually moving towards centralization. Where the Bull-Shit-Version even was cheering for government and bank involvement. And I had been warning about that one and its 'masters'. Also to me the BitCH one is a sell out project, it had to cheat with the difficulty algorithm to even be able to survive. Using the stolen value to keep itself from going down with its own shit. It was so badly programmed that at one point it wend way too fast. Hey, yet another hardfork!?
One Bitcoin {BTC} forking blockchain splitting clone attack after another. Why? Well, there was value for grabs. As long as exchanges would support it with a future Token it could be pulled off. Value before the actual forkening, that was where the big deal was made. Some of the major exchanges made it possible, they would profit from any hard Bitcoin blockchain splitting forkening. So, in a sense all that 'by principle' delisting of those looting clones, pretending to be Bitcoin, is a bit hypocritical, I think. Yet, they had it coming, from the beginning. It would have been so simple for those who wanted them huge, enormous blocks, believing it was a solution. Just create a real fork with a substantive blockchain, starting with a 'genesis' block. And that is still the way to go, as I see it. Now the blockchain split attackers just tried to roll back and fork off.
And then the only conclusion that could be made, from my point of view, was to loot a big chunck of value from the one and only Bitcoin {BTC}. While trying to sell some story about how it had to be done this way. For me it has now come to a point where the looted value will flow back into BTC. Will the fake Bitcoin cloned versions go to zero, as some were stating BTC would? Well, I do not think so, because with the value the split attackers looted from the real Bitcoin {BTC} the market can be manipulated. Even when there is almost no to little traffic on those forked off blockchains the marketcap value can still be influenced. So I guess on exchanges that still support the main two looting clones some kind of leverage trading trick will be used to create a fake market price. Sure they have big blocks, really they are huge. But except from some experiments to 'proof' that it can they can hold a lot of transactions in one block, nothing really happens.
The real innovation for blockchains, with value holding Tokens, will not be towards 'bigger blocks'. As this would move it rapidly towards centralization and get it under control by corporates, private banks and governments. And as far as I see it the next big innovation lies in a blockchain protocol called 'Mimble Wimble'. Something that can work besides a slow big mainchain and a lightning network added chain. It can be the next Blockchain Cash. The Litecoin {LTC} developers already are working towards implementation. And once LTC has got it working, at some point others will follow. This will be good for the value of Litecoin and when Bitcoin {BTC} adds a Mimble Wimble chain its value will go through the roof. And what about the splitting clone versions?
What splitting clone versions? There is only one Bitcoin and that is BTC.
End of the Clones.
Image CC0 licensed.
