# No, the China split version has less value.
_Even though mining has moved in several Exa Hashes from one to the other._
## Stay calm and HODL your BTC.
**Economical incentives will have driven at least 2 Exa Hashes per second worth of mining power from Bitcoin to the China split version. The one that is also known as Cash is just going for the larger block size. While the original Bitcoin will go into SegWit activation on wednesday the 23rd of August. The miners of the ViaBTC cloudmining pool are already losing a lot of potential income because they switched to the split version. Until the 21st of August ViaBTC found quite a few Bitcoin blocks, at around 50000 USD per block. With the switch to their home made version they are losing money big time in a fast pace. We are talking figures of 40000 USD per block. It is a kind of weird to see this happen. Even though I predicted this in a previous post. Would they rather proof their big blocks point, than serve their miners in the best interest? This really makes no sense to me at all. Miners are in it for the Return On Investment {ROI}, which the cryptocurrency market will decide where it goes.**
At some point I thought that the China split version of Bitcoin could become a serious competitor. If the market would go for it, that is. Even the news that the Cash version was on much lower difficulty did not do much for the price of BCH. And it looks like the cryptocurency market is still doing its thing like always. Huge pumps on, then dumps, leverage taken and there we go again. While the whole of the market still is on a rise and new capital gets in. While some governance institute tries to put a break on things like ICOs, by calling them securities, the majority of the cryptos realm seems to state: "Yeah, what else is new?" Some even will smile, at least that is going to put a break on the wild spread ICO virus that was starting to infect the market. So maybe there is even a small thank you in order here? And is this going towards accepting cryptos as a form of legal tender? Now I wonder how the banks will feel about that competition, it means they will lose their monopoly. So, I doubt this will happen.
But stranger things happened right? Because even though the market shows they trust Bitcoin, the original BTC, there are still a lot of miners that are willing to take a huge cut in income and support the China split version. Yes, and I will keep refering the Cash one as the Chinese split version. It is all about capital, investment and control. The ViaBTC pool maybe should even consider to use a different name, like ViaBCH. And give their split version a different name BitCHina, as that is all there is to it. And I wonder how long at least the miners that backed 2 Exa Hash for the original Bitcoin are willing to take a gamble. Or to put it more straight forward, how long will they want to lose a potential income of millions a day? There is about 5000 USD potential in the current market for Bitcoin. Part of that might be going towards the split version. But with 38% of the total mining power for the Cash split version, 18% of the value is still way too low, to become a serious competitor.
## Bitcoin, as in BTC, will win this one.
There are many who own BCH and are waiting to cash in. That was the split trick to get attention, free cryptos, best of two worlds. And I think there might be a pump coming, or already happening for the so called Bitcoin Cash. Yet, if BCH is not getting passed the 1000 USD and then jump fasts through the next ceiling of 1400, than the tables will turn. From my point of view miners will start to drop their support if the Return On Investment becomes severe. Now, because of the lower difficulty for the Chinese split version miners that now are able to make a profit for the first time will keep supporting BCH. But those that jumped over with the idea Bitcoin Cash will go towards 3000 US Dollar or more, within a few days, will drop their support soon. Which makes my guess that BCH mining will go down to a total of about 1 Exa Hash, mainly coming from the ViaBTC cloudmining pool. And that will cause a dump of the Cash Altcoin. Removing it from the top ten in no time.
After this the original Bitcoin will have the lead again and soon will move towards the next magical ceiling of 5000 US Dollar. So that is why I HODL my BTC, as I do keep my focus on the long term. Even if BTC might drop to 2360 US Dollar and BCH might get to somewhere at 1444. The golden ratio will still favour Bitcoin over the Chinese split version. Why? Because there is a lot of businesses that depend on one Bitcoin to stay strong and on top. The Bitcoin that inovates, that shows progress, that shows perspectives for the future. Simply raising the blocksize for sake of some miners that have a hard time understanding the opportunities of sidechains will cost them a lot of potential income. By only understading how to make an _Antminer S9 farm_ they will lose out on some huge future Return On Investments. They still have to invest in the same hardware, they still have to rent the same space, they still have the same costs, but they lose on the huge Bitcoin payouts per block.
## Maximalist involvement conspirancies...
Now that one is amusing, almost, but it is important, I think, to stay calm and think about this in a logical way. Of course, those who have BTC and and same amount of BCH, thanks to the split, what could they lose. Either way they win, right? So, even if the Cash version is going to get dumped in the coming days, they will move on. There is even a chance that they will be the ones that dump it first. It is after all just another day at the office. And there is a big chance that this BCH dump, that I expect somewhere around thursday the 24th of August, will pump the price of BTC next. Meaning that for a lot BCH was a leverage tool. Before the dump I expect already a lot of Exa Hashes mining power will have returned to the original Bitcoin, that already got SegWit activated by then. And the downfall of the Chinese split version will set in further, until a point where it will be to costly to mine. (And I already sold mine very soon after the split.)
Are there Bitcoin Maximalists involved, maybe, as long as there is a profit to be made they will, just as they will sell their BCH when the time is right. When I look at all the numbers and figures and I do not see this reflected in market price, then I can only state that the split version is about to collapse in on itself. Even if I at some point I was expecting it to rocket to a next ceiling of 1700 USD at least, when it would gain a lot of mining power, it did not happen. In the meantime the original Bitcoin is in orbit. That is real, Bitcoin blocks can be streamed to almost any place in the world, without the need of an internet connection. And that version is going to activate SegWit. Where it will join Litecoin and others. This will open a path to more inovations, linked to sidechains. And this needs visionaries that get what can be done with this. It takes more than to be able to operate an Antminer S9 to get in on the Bitcoin future. Even Bitcoin Maximalists support sidechains...
## Sidechains opportunities.
Could it be mined, in some form? Well, be creative, at some point there might be a sidechain that releases 'ticks' on a Bitcoin sidechain. Were just being active their can give _ticks_ for time. And these can be moved back into BTC. More use to the Bitcoin blockchain, without stressing out the mainchain too much. That one can hold a lot of value per Bitcoin, still even beyond belief. While a sidechain might handle _tips_, with almost no cost in transactions. Or decentralized databases might get on a sidechain, financed with locked in BTC. As long as the bill is payed, it will hold the data. There could be one or more sidechains that make exchanges between serveral other cryptos possible. Imagine Litcoin and Bitcoin going crosschain. The miners for the mainchain will still be very important. And they might expented their market by becoming SegWit sidechain entrepeneurs. There to me lies the future of Bitcoin.
Now the coming days ahead will be essential for the future of Bitcoin. My own vision I have layed out here for you to read. You might disagree with me, and I am okay with that. Yet, remember to only invest in cryptos what you are willing and able to lose. As your speculation might be as bad or as good as mine.
### Have a great one!
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***Stay calm, the path will reveal itself.***
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_filtered photot cc-by-sa @oaldamster_
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