There is a LOT of money being invested to make BCash appear legit.
One bit I noticed was this address -- https://bitinfocharts.com/bitcoin%20cash/address/19hZx234vNt... which has been quietly accumulating (yet never spending) a massive amount of BCH. My best guess is this is bitmain accumulating part of their mining proceeds, but isolating it away to create artificial scarcity to inflate the price. (That's just one of a bunch of similar addresses).
They sort of depend on keeping the price inflated; because without that, their difficulty would adjust & drop to the point where a 51% attack was actually feasible. Per https://fork.lol/security/fork it would only take 50 days for 25% of the BTC hashrate to remine the entire BCH fork, undoing any BCH transactions the miner might have made.
It's an incredibly shaky coin in a large number of ways.
One bit I noticed was this address -- https://bitinfocharts.com/bitcoin%20cash/address/19hZx234vNt... which has been quietly accumulating (yet never spending) a massive amount of BCH. My best guess is this is bitmain accumulating part of their mining proceeds, but isolating it away to create artificial scarcity to inflate the price. (That's just one of a bunch of similar addresses).
They sort of depend on keeping the price inflated; because without that, their difficulty would adjust & drop to the point where a 51% attack was actually feasible. Per https://fork.lol/security/fork it would only take 50 days for 25% of the BTC hashrate to remine the entire BCH fork, undoing any BCH transactions the miner might have made.
It's an incredibly shaky coin in a large number of ways.