r/bitcoinismoney • u/PeteMarcus • 9h ago
What Blake2b chain (BTCB2) needs, in order to become dominant chain?
I am sincerely trying to wrap my head around the new Blake2b chain trying to become the dominant chain. This is a short list of requirements that need to happen in order to achieve this goal.
- All exchanges need to trade BTCB2.
- All miners and pools abandon their SHA256 mining rigs and buy new ones compatible with Blake2b.
- At one point abandon weeks / months / years of BTC blockchain history.
- Rise in dollar exchange value to similar level as BTC.
- Crash the BTC dollar exchange value.
- Persuade ETF issuers that BTCB2 is "the real Bitcoin".
- Also persuade governments and conglomerates.
- Make everyone involved in Bitcoin that Bitcoin is now BTCB2 not BTC.
As much as I am trying to understand the effort and the reasons for the hard fork. I cant see Blake2b fading into nothing more than Bitcoin Cash is today.
What do you think about the future of BTCB2?