What did Jiang Zhuoer and Wu Jihan say on the night of BCH halving? (Easter egg at the end of the article)

Bitcoin Cash (BCH) has experienced its first halving, and Ant Pool has mined the first block after the halving. The BCH community organized a live broadcast, with industry leaders and developers participating. What did Wu Jihan and Jiang Zhuoer talk about? Wu Blockchain has excerpted some of the key points of their discussion below.

(Ant Pool mined the first block after BCH halving)

(BCH and BSV both saw a slight increase, but the halving did not have much impact on volatility)

Let’s summarize first: Jiang Zhuoer was mainly bullish on the halving market, and Wu Jihan was mainly responding to his own views on the recent developments of BCH.

Jiang Zhuoer, founder of Litecoin Mining Pool:

1: Halving is not a good news, but a continuous good news.

2: Because BTC occupies the majority of the market share, the halving market will start after the BTC halving, and BCH will be affected by the chain effect.

3: The epidemic is a huge boon to cryptocurrencies. Bitcoin was created to counter government money issuance. When the government opens the floodgates in the context of the epidemic, cryptocurrencies show their value even more.

4: The advantage of BCH is that its degree of decentralization is between BTC and BSV.

5: It is recommended to purchase S19 mining machines for mining. After the halving, small computing power mining machines will be shut down. This best mining machine currently can mine more Bitcoins at a low cost.

(Mr. Jiang once again sounded bullish, I hope he doesn’t get slapped in the face this time = = )

Jihan Wu, founder of Bitmain:

1: The impact of the epidemic on cryptocurrencies varies. The government has opened the floodgates, and hot money will flow into the cryptocurrency industry. However, finance is built on the real economy. If the epidemic continues, the real economy is sluggish, and factories and transportation cannot start work, it will also affect the financial industry, including cryptocurrencies.

2: The most important thing for BCH is to build an ecosystem. How many people can use BCH and stay in this ecosystem depends on how many users there are in the next 3 to 4 years. Make good technical and ecological preparations before the cryptocurrency boom.

3: I appreciate the value of Defi, but I hope it won’t be too radical and I hope it will focus on the current technology roadmap.

4: We highly recognize and welcome Tether’s plan to issue USDT on the BCH network, which will bring more users to the BCH ecosystem.

5: Once again emphasize the similarities and differences between BTC and BCH. BTC focuses on storing value, while BCH focuses on payment and applications.

(I seem to hear a slogan: Strive to build a harmonious society and promote steady economic development)

Attached are two background articles:

BCH's first Defi - AnyHedge project is about to be launched

Good news for BCH? Tether will issue USDT on the BCH chain (by Bruce Lee)

Finally, let’s talk about some of Wu’s feelings:

BSV will be halved tomorrow. Interestingly, I watched a debate between a BCH supporter and a BSV supporter the day before. I felt that the main problem with BCH is that the starting point is too high, so many people are trapped and accused of "not making money". BSV has a leader who is criticized for being too fraudulent.

Although BCH’s current market value is higher than BSV, it has fallen 93.83% from its historical peak. BSV’s advantage lies in its low starting point, so the slogan of their supporters is “The rise will conquer you.” In addition, BSV is more centralized, so it appears to be rich and powerful in promotion and marketing, while BCH’s “decentralization” has caused the previous donation controversy.

To be honest, BCH has indeed become more low-key in recent years, but there have been many developments in ecology and technology, such as the recent cooperation with Tether on USDT, and the technical progress of Defi and stablecoins. But everyone will also ask a question, just like the previous wormhole, what is the difference between BCH and Ethereum and other public chains? Or are they all becoming homogenized?

As for miners, the halving of BCH/BSV means little to them. In the short term, computing power will be transferred to the BTC network, but such computing power share is very small compared with BTC's current share. The BCH/BSV network also has mining pools and mining farms with core supporters. Under the balance of benefits brought by the reduction in computing power, a stable situation will still be achieved.

What is really significant is the BTC (Bitcoin) halving next month. After all, the vast majority of hash algorithm computing power is used for Bitcoin mining. After this round of halving, we may see real large-scale outages, a decrease in computing power, and fluctuations in financial derivatives surrounding mining.

Finally, here's an easter egg: In this slightly dull live broadcast, are many people missing the passionate Xiaohan? (Picture from the BCH community live broadcast comment area, the protagonist's authenticity is unknown)