Every so often I see this claim that the small-block version of Bitcoin retained the ticker because it had majority hashrate.

This is a major misconception that needs to die in a fire.

There was never, ever, a "market vote" on BCH vs BTC.

BCH was listed with "altcoin" ticker before the first block was even mined. The small-block version was never reassigned to a non-name-brand ticker (ie. BTCORE) so that it had to compete on a level playing field instead of resting on its brand-name laurels. Instead the "Bitcoin Core" side of the split was bestowed the BTC name as a fait accompli by a small group of industry insiders.

BCH was never given a fair chance in the market despite the fact that Satoshi and all the second generation of Bitcoin devs from 2009-2014 had promised that Bitcoin would upgrade to larger blocks by means of a hard fork, and despite three additional years of trying to find consensus. Larger blocks were part of the original social contract, which gave big blockers ample rationale for deserving a fair shot at the brand name and ticker.

Compare to the BSV split. The exchanges relisted both sides of the split as BCHABC and BCHSV so that neither had the name brand advantage in the market. Only after significant time had passed with BCHABC on top was the coin relisted as BCH. BCHSV was given a completely fair chance in the market despite being headed up by a literal conman who calls himself Satoshi and despite the fact that the conflict that led to the split was obviously manufactured and only three months in the making and in no way part of the original social contract.

Then when ABC split, the exchanges relisted both sides of the split BCHA and BCHN. Only after significant time had passed with BCHN on top was the coin relisted as BCH. BCHA was given a completely fair chance in the market despite the fact that the rationale for the split (a "miner tax" that was hugely unpopular in the community) had only been in the spotlight for around 9 months and was in no way part of the original social contract.

THAT NEVER HAPPENED WITH THE ORIGINAL BCH / BTC SPLIT

INSTEAD, The chain of causality is this:

  1. The ticker was preassigned by a handful of exchanges

  2. The market followed the ticker, raising the price of BTC and lowering the price of BCH

  3. Hashrate follows price

TLDR: there has never been a fair market vote on "which is the real Bitcoin"

submitted by /u/jessquit
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