Bitcoin ABC Dev. Warns of CoinGeek Attack
Several hours into the stream, Séchet joined the chat and said:
“If you think you have a better plan, and I think with BCH we have a better plan than BTC, then you can compete on the open market, and either we’re right, and we end up winning, or we’re wrong and BTC ends up winning, and that’s all good and fine and that’s market competition.
“What we are seeing right now, though – or rather, what we are not seeing right now, is CoinGeek and BMG’s hashrate. Right? It’s completely gone. It’s not winning, mining anywhere that we can see. What that tells me is, you know, they have not thrown like 2 exahash at this, right? So they are preparing some kind of attack.
“And right now we are not in a situation where people compete in an open market. We’re in a situation where we have an adversary that, you know, that is planning an attack. And so we need to consider them an attacker at this point.”
He went on to say that it’s fine if people want to fork, referring to the SV fork. He said he was “super-happy” with that and that he wishes them good luck. But then he said that if they are going to launch an attack against BCHABC, they will have to be treated as such.
Chain Length Unimportant for Safety of ABC Chain
Séchet was then asked by another streamer in the CoinSpice channel how many blocks ahead Bitcoin ABC needed to be before it would be safe. He said it was not relevant to the question, because at this point the blockchains cannot reorganize back into each other.