This isn't essentially about Bitcoin, yet Bitcoin Cash - the forked money. It's defenseless against a 51% assault. On the off chance that you have cash in it at the present time, rethink your position. Whatever remains of us can take in a considerable measure about how a coin goes "bankrupt."
Jamie Dimon is currently confronting a market mishandle report in the wake of guaranteeing that Bitcoin is a "fake." If he'd asserted this about Bitcoin Cash (BCH), nonetheless, he may have been doing everybody an administration.
The reason?
BCH is as of now in a passing winding at present. At around 9 p.m. ET on Sept. 21, Bitcoin had 99% of the world's (relative) hashing power (that is the figuring energy to make the blockchain run), while BCH had the rest of the 1% (see photograph beneath). This isn't the first occasion when that is happened it is possible that (I've orbited different cases).
Bitcoin Cash Hashing Power
The reason that is an issue is that anybody with a little estimated mining operation could control 51% of the BCH hashing power and viably "delete" past pieces in the chain. This implies the individual could viably take a wide range of cash. For instance, the individual could offer BCH for Bitcoin, pull back the Bitcoin to their own particular wallet, and after that eradicate the past offer of BCH. This should be possible over and again as well, conceivably putting billions of dollars in danger. Unless things change, we're probably going to see the world's third biggest coin leave presence.
Conclusion
For those holding BCH, you have to perceive how powerless you are. For whatever is left of us, this is a magnificent contextual analysis. Digital forms of money don't have a "consume rate," so you can't ascertain how long it'll be until the point when they default on their advances. In any case, they do have key affectation indicates on their way non-presence, and that is what'd need to check whether Bitcoin (or Ether, and so forth.) were truly worth not as much as tulips.
