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I just realized something interesting about BCH. So here’s the thing, BCH is an asset that has technical advantages often overlooked by people.
Because BCH uses the same SHA-256 algorithm as Bitcoin, it can directly tap into the existing Bitcoin mining ecosystem. No need to build new infrastructure from scratch. Texas megafarms, indie miners everywhere, all can be redirected. That means no new factories, no new power plants, no custom chips that need to be developed.
What’s cool here is the mining economic dynamics. If BCH’s price rises to become more profitable than BTC, miners will automatically shift most of their hashrate to BCH. The hardware is already available, just plug and play. This is very different from other altcoins that have to convince the world to build security from the ground up.
So BCH is a network with a shortcut to security. Bitcoin has already done the heavy lifting, BCH just becomes more profitable. The global mining infrastructure is like an asset waiting to be allocated to the more profitable option. From a game theory perspective, this is actually solid. No need for heavy trust-building, just become the more economically attractive choice.
It’s interesting to think about from a network economics perspective. Worth watching how this dynamic plays out in the market.