Originally Posted by
TallRider
are you sure this is a cassette hub? this looks like a lockring on a freewheel and isn't designed to be removed. rather, you need the proper freewheel remover to engage the splines visible just above the axle. also, you will not need a chain whip in this case.
@Sixty Fiver - it looks like the freewheel in question is one of those old ones from the late 70's that had a steel barrier beyond the smallest cog, so the chain can't slip off and stick between the dropout and the cog.
The imprint is faint but am sure this is an FFS... if the OP cleaned things up am sure it says "For Front Freewheel System Only".