Since Ver/Wu/Wright own 97% of BCH mining, they can do the following:
1. Mine BCH, wash trade, and accumulate BCH on the down low
2. Switch mining hashrate from BTC to BCH
3. Pump BCH, lock up mining blocks, trade BCH for BTC into the pump
4. Switch hashrate back to BTC, pump BTC
5. Sell traded BTC into the pump, or just hold on to it (making them wealthier).
6. Profit
I contend that BCH is still just a money making scam to them. Sad that anyone would fall for that garbage. They don't want BCH, they want your Bitcoin. You'll see all that here soon, when you see BCH drop and BTC start to rise again.
And don't think for a second that their little operation isn't being "subsidized" by outside elements.
The problem with your assessment is that the two major mystery miners(probably two farms run by Jihan Wu) have not moved any of the coins that they mined.
https://www.blocktrail.com/BCC/address/17Wk4GPKw9nZ9PbspzaxN3fv1L2m9NA9dg/transactions/out/0
https://www.blocktrail.com/BCC/address/1BgatB78WrFLdCgnPnBqiDcNFFA46jkPZe/transactions/out/0
That's very interesting. So they are accumulating and betting on some future pump.
They are accumulating because they have no choice. Nobody else is buying altcash shit.
Of course they have a choice. They could use their mined stash to do wash trades and give the appearance of high volume. But they are not doing that either. However, Bitcoin Cash is planning to do a hardfork around the time of the S2X hard fork. They are planning on coming up with a different difficulty adjustment algorithm to replace the EDA.
https://www.bitsonline.com/bitcoin-cash-hard-fork/
The developers claim that the timing of the hardfork has absolutely nothing to do with the upcoming S2x hardfork. (Right...I believe that.
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