There may be more problems on the horizon. Roughly one year from now, Bitcoin Cash is scheduled to experience its first halving (or halvening) event, which will have the side effect of weakening the security of the network.
The halvening will be catastrophic for Bcash.
Bcash halvening occurs first > block subsidy drops in half > miners switch to Bitcoin (since they share the same hashing algo) > security spend becomes dangerously low > 51% attacks become very easy
All things being equal (transaction fees, price, etc)
Of course price will change between now and the halving. bch / btc was 0.0239 last December, 0.0645 at the beginning of April, and .0479 right now. If it halved today we would have the same security as December 2018. Nothing happened than and nothing will happen at next year's halving.
I thought a bit more about this. What is different with December 2018 however, is that this event could be planned in advance for a malicious entity to rent additional hashrate, and, everything else being equal, the hashrate supporting BCH would be half if what it currently is for 40 days.
On the other hand, entities wanting to protect BCH can also prepare in advance.
> If it halved today we would have the same security as December 2018. Nothing happened then and nothing will happen at next year's halving.
Makes sense. I had already forgotten how low the price was in December (even compared to BTC).
Also BSV is set in stone, even if they try to change the protocol or something like that, the real Bitcoin will just continue on. There is also a lot of pro-SV hash which may be on other chains at times and would probably come over tot defend in the event of attack.
A bigger issue is what Core and BCHABC should worry about. As the reward keeps halving, the security will only be from fees and usage of the ledger. With a 1MB cap or a 32MB cap, you can't have much usage to generate enough fees to secure the chain. So once this happens, BSV will basically become the majority hash chain.