Recently, bitcoin has hit record highs, and Wall Street institutions have entered the market to hoard coins. Even Musk can't help but publicly shout orders, which has been recognized by mainstream media and financial institutions. There is no doubt about the security of the Bitcoin system.
However, many people may not imagine that just three years ago, Bitcoin faced the biggest crisis since its birth-it was almost seized and usurped by BCH Group, and even the name "Bitcoin" almost disappeared.
The bifurcation of bitcoin is a thing of the past in the last bull market. I didn't want to say more, but recently some boring people have smeared and slandered Bitcoin letters. We didn't speak, so that some friends who don't know the truth really think that Bitcoin is heinous and has become synonymous with villains. Let's briefly talk about some things that Bitcoin Letter has done to protect the Bitcoin network.
These things have been going on for years. Over the years, we have never mentioned them to the outside world, nor have we sought any fame and fortune. We just want everyone to know the truth, discard the false and keep the true, and at the same time we can talk more after dinner.
Why does BCH Bifurcation hate currency letters?
Many people think that "bitcoin bifurcation" is no big deal. After all, this phenomenon is very common in the encrypted digital currency community, and it may take a programmer a few days to successfully fork a currency.
But in those days, differences were a very serious matter, involving all aspects of people and things, and many beliefs and interests were almost no less than the "dispute between Buddhism and Taoism", which had reached the point of fighting each other.
This is not an exaggeration, but a fact.
In reality, many friends and partners with very good relationships turned against each other because of the bifurcation of Bitcoin, and they never contacted each other again.
Many people can't understand why BCH Bifurcation Group hates Bitcoin supporters and coins. All kinds of rumors every day? And sometimes, in order to make their rumors look logical, they often spend a lot of time collecting all kinds of information, and then replace trees with flowers, which makes many unknown people feel "informative" and take the bait.
The reason is that the currency broke the financial path of BCH Bifurcation Group.
As the saying goes, "Breaking people's financial resources is like killing their parents". In the process of disintegrating BCH Group's Bifurcation S action, Bixin did a lot of work, and even guarded Bitcoin for two weeks in a critical period, successfully disintegrating BCH's plot to usurp power and seize power.
I have to say that BCH Group is really a combination of knowledge and action, and they also have beliefs. They really believe that BCH will succeed and beat Bitcoin, so they basically changed all the bitcoins they had to BCH. If they succeed in usurping power, the reward is absolutely unimaginable.
As a result, all this was ruined by money letters at the critical moment. Do you think they hate it?
Currency letter and Bittern's feud
There are many articles about bitcoin bifurcation, so I won't say much here. Interested friends can look at Hu Pu's article "Bitcoins Forked Past" or search for other articles to find out.
This paper mainly talks about what role the currency letter played and what losses it suffered during the whole bifurcation war.
Many friends may have seen the news that Bitcontinent sued Bixin Mining Company for patent on 20 18, among which Shenzhen Bitway (Shenma Mining Machine) and Xinte Energy Co., Ltd. (Mining Party) were one of the defendants.
At that time, many people were actually shocked to see the news, because Bi Xin and Bitu Dawu had always had a good relationship and often ate together in private.
Why did they suddenly go to court? What the hell happened?
In that lawsuit, the patent involved is called series power supply technology.
Speaking of series power supply technology, we have to mention a technical geek-Vasily.
Vasily was an engineer of Bitfury Company in Russia in his early years (he started to be a bitcoin mining machine company on 20 13). After coming out of Bitfury, in 20 14, Vasily was tricked to China by a Russian named Yuri, because Yuri told him that he had contacted the roast cat in China and could get their chips to make a mining machine, which would make him rich.
At that time, the roast cat company just announced that it would no longer make its own mining machine and directly transform itself into a chip provider. Welcome to buy chips.
Yuri is a typical businessman. At that time, because the latest chip mining machine scheme of Baked Cat was immature, after several unsuccessful attempts to make the mining machine scheme, he turned to sell his "series power supply" technology to Baked Cat.
This technology has existed for a long time, but inspired by it, Vasily applied it to the main board of the mine for the first time.
With this technology, the mining machine can directly supply power to the mining chip without expensive power control chip, which not only saves a lot of costs, but also is not limited by the supply of power chips. (At that time, Bitland swept away the power chips on the market, which not only ran out of stock but also raised the price. )
This technology is simple to say and implement, but it is very difficult to develop, because there is no power chip control, the current can not be output stably, which is easy to cause current balance and burn the chip.
The roast cat was very interested in this technology, so he talked to Yuri many times, but Yuri's conditions were too harsh. Later, the roast cat learned that the actual owner of this technology was not Yuri but Vasily, so he directly found Vasily, bought his technology, and recruited Vasily to be a hardware development engineer in the company.
Later, Yang Zuoxing left RockMiner to join the research and development team of ASICMiner, and became a colleague with Vasily to jointly develop mining machines and chips.
In 20 15, the roast cat suddenly disappeared out of thin air, and the roast cat company was dissolved in situ, and all technologies were sealed. Later, Daoyang left to work part-time in Bitland for a while, and brought the series power supply technology to Bitland by the way.
In 20 16, Yang Zuoxing had the idea of starting a business. First of all, he talked with Wu and got his unilateral support. Then Wu asked him to talk to Zhan, but Zhan Ke turned him down face to face. Even Zhan directly smashed Yang Zuoxing's business plan with a shredder.
So, Yang Zuoxing founded Shenma Mining Machine, and from then on, he became a bit mainland with hospitality.
Naturally, Shenma mining machine also naturally adopts series power supply technology.
It is worth mentioning that before Yang Zuoxing started his business, he found the starry sky many times to talk about it. After Zhan, Yang found the starry sky again and confirmed Yang's determination to make a mining machine chip. After that, Starsky joined several other friends to vote together and became one of the major shareholders of Shenma Mining Machine.
The logic of Starsky's investment in Shenma mining machine is simple-because the roast cat disappeared, the roast cat mining machine completely withdrew from the historical stage. At that time, there was only one ant mining machine in Bitland, which was basically in a monopoly position, which was unfavorable to Bitcoin network and prone to big problems. Facts have proved that this judgment is very correct.
At that time, the people who invested in Shenma mining machine together, as well as Shenyu and Wang Chun in the fish pond, all had this idea, and the brine could not be allowed to continue like this.
You know, in order to successfully fork Bitcoin, Bitland has been laid out for a long time. During that time, they sold a lot of mining machines to people who supported the fork, but it was difficult for people who supported Bitcoin to get the goods.
Moreover, the big supporters only need to pay 10%, which is equivalent to giving them five times the leverage. They only need to pay one dollar to get five dollars of computing power.
Many people became rich because of this, so they became more loyal to bittern and went all the way to the black on the road of supporting the fork.
Fortunately, Shenma mining machine developed smoothly and quickly grew into a mining machine manufacturer that can compete with Bitland.
Bixin Mining was a super customer of Bitland at that time. In order to support the development of Shenma mining machine, we also purchased a large number of Shenma mining machines.
During the Bifurcation War, when the Group realized that Bixin was secretly protecting the Bitcoin network, it took the way of encircling Wei to save Zhao and brought Shenma Company and Bixin Mining Company to court on the grounds of patent infringement.
Although Bitland lost the lawsuit in the end, they achieved the expected goal-in order to avoid risks, the mine site required the mining machine of Coin Letter to move out of the mine within a limited time, so the computing power of Coin Letter temporarily disappeared and the contest came to an end.
After this war, the currency letter suffered heavy losses.
On the one hand, monetary credit has its own computing power to prevent the BCH computing power from slamming (explained later), and nearly 100 bitcoins are lost every day (lasting for a difficult period, that is, 14 days).
On the other hand, because the mine was forced to move away, it was delayed for a long time, and the loss in the middle was not small, and the loss of coins and letters was also huge.
However, at this time, the emergency difficulty adjustment algorithm (EDA) carefully planned by BCH Group for Bitcoin has lost its best function time, and their plot to sneak into the Bitcoin network in this way has completely gone bankrupt.
If there was no attack on the credibility of currency at that time, BCH might have succeeded in usurping the throne, not only surpassing Bitcoin in computing power, but even taking away the name Bitcoin, and Bitcoin might have developed to its present scale and status.
Because of this incident, Starsky and Wu, once good brothers, turned against each other and cut off contacts. Since then, the currency letter has also become a thorn in the side of BCH stakeholders.
Why don't currency letters support BCH?
As we all know, in fact, whether it is a coin letter or a fish pond, the relationship with Bitland is actually good, including the Hong Kong * * * Congress and the new york * * * Congress. Everyone sits together to talk and discuss.
The purpose is of course to win * * *, and I hope that Bitcoin will develop better.
However, all this began to change after 20 17. Wu gradually came up with the idea of bifurcation and put it into practice in August of 20 17.
In the process, the BCH camp was quite aggressive, as if I were going to kill you. In fact, the fork is forked, just do your own thing, but BCH has planned it from the beginning, and it is necessary to step on Bitcoin.
In fact, ironically, the original evangelist of Bitcoin has become the most staunch opposition to Bitcoin and the most difficult to attack Bitcoin.
They said that "BCH is the real bitcoin" and called on everyone to sell Bitcoin and buy BCH. I don't know how many people believed their lies and changed their lucky bitcoin into BCH, so they suffered heavy losses and finally had to leave the industry completely. What's the difference between this kind of behavior and fraud?
They say that the bitcoin block is too small to handle too many transactions, and the chain is blocked. As a result, everyone found that bitcoin was not as blocked as they said, so they launched a "dust attack" and sent a large number of small junk transactions in a short time, causing the illusion of bitcoin network congestion. Then they advocate big chunks and rumor that Bitcoin will eventually die out due to congestion. (In fact, Bitcoin is still alive and well, and it is getting stronger and stronger. )
Remember how anti-virus software did evil in those days? Some unscrupulous companies will cook their own viruses in order to sell their own software, and then sell their own products after users are poisoned. Their behavior is almost the same.
At that time, Aomoto Satoshi stood up to support the bifurcation, so the two hit it off and invited Aomoto Satoshi to be the BCH platform, write articles and hold a press conference. The operation was like a tiger, and the scenery was incredible.
At that time, they never imagined that they would always pay back when they came out to mix, and Qingben Cong, a swindler, was not easy to deal with. Only three months later, Satoshi Aomoto gave BCH a fatal backhand blow, which triggered a branch war that almost completely destroyed BCH.
Yes, BCH bifurcates Bitcoin, Aomoto Satoshi bifurcates BCH, and a BSV is separated. It's really a good show!
Bixin has always been a believer in Bitcoin. Perhaps the original intention of BCH is good, but in the subsequent promotion process, the currency letter naturally does not recognize the evil means they have adopted.
Perhaps these means are very common in political struggles, and it is a common trick to frame competitors in the dark, but this is the Bitcoin community, which has pinned the expectations and beliefs of countless people. The original believers are a very small number of idealists, which is absolutely unwilling to see.
In addition, the main promoter behind BCH is Bitran. Most of the developers and opinion leaders in the community are funded by Bittern. BCH, like a corporate currency, is too centralized. It is obviously inappropriate to replace bitcoin.
Not the company currency. For example, platform coins such as BNB are doing very well, but it is a bit unclear for the company currency to turn bitcoin over by itself.
In short, many behaviors of BCH Group show that they are extremely unreliable. If the future of Bitcoin is pinned on such a group of people, Bitcoin will die sooner or later, which is what all people in the Bitcoin community do not want to see.
So, at the critical moment, the currency letter decided to intervene.
How does the currency letter protect the bitcoin network?
I have to admit that BCH has done a lot of work and preparation to win this falling apart battle. A long time ago, it began to hire some opinion leaders in the community, started to build momentum and kept writing articles. Some articles are quite deep, seemingly well-founded and logically complete. (Later, Aomoto Satoshi adopted the same routine and fooled a large number of diehard fans. )
In addition to the war of public opinion, BCH Group has also drawn a lot of cakes in terms of technology and future vision, which looks very charming. Due to the characteristics of chunks, there are indeed many functions that Bitcoin cannot achieve, which makes many people full of expectations.
If these are just routine operations, then one thing has to be amazing, and that is the emergency difficulty adjustment mechanism (EDA) of BCH.
Because BCH uses the same algorithm as Bitcoin, according to the normal thinking, if BCH wants to fork successfully and keep the block, it must have huge computing power support, because when forking, the difficulty of Bitcoin network is already great, and the small computing power simply cannot break out.
So they came up with an emergency difficulty adjustment mechanism: if the first six blocks of the current block take more than 12 hours, the difficulty will be automatically reduced by 20%, and if the difference between the MTP time of the current block and the MTP time of the sixth block of the current block exceeds 12 hours, the difficulty will be urgently reduced by 20%.
Simply put, if you don't shield for a certain period of time, you will automatically reduce the difficulty by 20%. If you don't shield, you will continue to reduce it by 20% until you shield. In this way, even if there is only a small computing power, it can be guaranteed to be foolproof.
This mechanism looks like a defense mechanism at first glance, purely for self-protection and survival, but don't be confused by its appearance. This is actually a very radical mechanism, because the difficulty is only reduced, not improved.
The person who designed this mechanism knows the way of human nature. They know that miners are actually profit-seeking. As long as they make money, they will vote with their feet and directly reduce their computing power.
When the difficulty of BCH is reduced and miners have the same computing power, they can dig more coins. As long as the profit is greater than bitcoin, the computing power of miners will be attracted.
In this way, even if the price of BCH is lower than that of Bitcoin, as long as the difficulty is low enough, miners can make more money and their computing power will come.
The computing power of BCH and Bitcoin are mutually exclusive, so you can't dig BTC if you dig BCH, which is a trade-off relationship. Once the computing power of Bitcoin is migrated to the BCH network, coupled with the rise of the currency price, BCH may really succeed in usurping the throne.
You know, at that time, many neutrals said that which network has great computing power will support which currency is the real bitcoin.
I have to admit that the design of emergency difficulty adjustment mechanism is really genius. Therefore, this mechanism is also known as the "computing power crit" against Bitcoin.
BCH Group has been brewing for a long time and spent a lot of manpower and material resources to prepare for this bifurcation. They are going to launch a "critical attack" on Bitcoin immediately after the fork, that is, after the fork is completed, the computing power will be withdrawn from the BCH network, which will greatly reduce the difficulty and greatly increase the currency price. This will attract most miners to calculate their own strength, and the computing power of Bitcoin network will plummet, which will make Bitcoin network unable to operate due to congestion, and finally lay a solid foundation for victory.
This plan is almost perfect.
This is simply an open plan for Bitcoin. Everyone knows what is going on, but there is no way to crack it, because BCH Group controlled more than half of Bitcoin computing power at that time. As long as it attracts about 65,438+00% computing power, the Bitcoin network may not work.
At that time, in addition to the computing power and mineral pools controlled by BCH Group, only three mineral pools accounted for a relatively large proportion, namely Yuchi, Guochi (btc China Mine Pool) and Bixin Mine Pool.
Even if the mining pool wants to support bitcoin, it must get the consent of the miners. The mine pool can't control the computing power of users, otherwise the miners will definitely vote with their feet and leave directly.
Therefore, BCH Group felt that the victory was in hand at that time, and it was estimated that even the celebration banquet was ready.
However, what they never expected was that when the bifurcation was completed, BCH appeared several blocks. When they withdraw their computing power from the BCH network, they quietly wait for no congestion, and the difficulty automatically drops, but an accident appears-a mysterious computing power is suddenly connected to the BCH network, and the explosion continues.
Due to continuous blasting, BCH's emergency difficulty adjustment mechanism can't take effect, because the difficulty can't be reduced all the time (the interval between blocks is less than 12 hours).
Moreover, in order to prevent the mysterious computing power from attacking the BCH network by 5 1%, they had to cut their computing power awkwardly and continue to dig.
These mysterious forces hide the bitcoin base and address, and everyone can't figure out where they came from for a while.
The sudden appearance of mysterious computing power has disrupted the rhythm of "computing power critical strike plan" After the difficulty was reduced, they prepared a lot of funds to cooperate with the offer, and the offer plan could not be further promoted for a while and was stuck.
This situation is like an assassin launching a fatal blow to the assassination target, and then suddenly a mysterious force blocked the fatal blow and continued to guard the target, resulting in a series of subsequent attacks by the assassin being impossible to implement.
BCH Group is very puzzled: Where does this mysterious power come from?
As mentioned above, apart from the computing power controlled by BCH Group itself, there are only three parties with relatively large computing power, namely, the fish pond, the national pond and the coin-holding mine pond.
Fish ponds and Guotang are the computing power of retail investors, and they are not used at all. Only the coin-letter mine pool basically does its own calculation, which means that only the coin-letter has the conditions to do this.
The answer is ready to come out: currency letter!
Yes, this mysterious computing power is the computing power of the currency letter itself.
Coin letter was launched when BCH Group was preparing to launch the first and strongest computing crit on Bitcoin.
Others can't do it, only Qian Xin has this condition, only Qian Xin can do it, then Qian Xin will do it!
Who am I for the future of Bitcoin?
You know, at that time, the difficulty did not drop, but rose. It was definitely not cost-effective for miners to dig BCH. Bixin Mining faces huge losses of dozens or even hundreds of bitcoins every day, which abruptly guards a difficult cycle of bitcoins! (that is, two weeks)
BCH Group also responded quickly, knowing that this must be a good thing done by Coin Letter, but there is no way. Technically, they can't refuse the computing power of the currency letter, so they can only stare.
In this way, they finally drove the computing power of money out of the BCH network, which enabled them to make a critical attack on Bitcoin.
As soon as Minxin Coal Mine closed, they couldn't wait to start bidding, and BCH began to take off. But by that time, they have been unable to return to heaven, because the best sniper opportunity has passed, and the "opportunity" has been lost, and the effect has been greatly reduced.
Although BCH attacked Bitcoin several times later, the computing power of Bitcoin network was often unstable, but the outcome was decided, which did not matter and did not affect the overall situation.
After this war, the currency letter suffered heavy losses. Not only did it lose more than ten days of bitcoin mining income, but the mine also had to move away. Now, the lost bitcoin is simply astronomical.
However, it's all worthwhile. Coin letter has contributed its own strength to the protection of Bitcoin, helping Bitcoin to block the fatal blow and doing what Bitcoin believers should do.
Although because of this incident, Bixin lost almost all the profits earned by mining in the past, in the long run, Bixin benefited.
postscript
These past events have been sealed for a long time. Many people actually don't know the details, nor do they know what Qian Xin did in those years. This is actually nothing. Qian Xin has been doing well.
But over the years, Qian Xin has been smeared and rumoured by some people with ulterior motives, which is really tiring. Think about writing some words and publishing the facts so as not to mislead the innocent people who eat melons.
Many years have passed since the bifurcation storm. Bitcoin is still the same bitcoin, and the bitcoin community is more sound than before. This is the greatest happiness for us bitcoin believers.
Do more bitcoin and short the world!
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