Proof of stake to BCH but at the time I refused it because the BCH devs said that they would do Avalanche voting based on POW. Then suddenly Jason Cox from ABC said they made it based
On POS. I was like "wtf just happened??". One of the other devs asked about but now no one is resisting it. How?? We were always agreeing that BCH should stay a POW coin. Another thing is that the max blocksize is capped at 32MB and
#BitcoinUnlimited's work on a dynamic cap based on previous blocks has stalled. Sorry to say this guys but I see... Disgusting things happening with BCH. It's very difficult and heartbreaking to admit this to myself but I have to be honest. It really doesn't feel good, the way we're heading at. And I have to admit that some people in the BSV community were right when they said that BCH would get proof of stake because this is happening right now through Avalanche.
I was debating a lot with others about POS+POW a year ago, arguing in favour of it. I also advocating 1 minute block times and additional, Lyra2Rev2/3/3+ hashable blocks.
Why are you in favor of POS+POW?
1min blocks+POSv2+POW+SHA+lyra2revX = good and secure coin for spending, speculation, investment, both for home miners and both professional miners, node owners, merchants.. with this, you basically onboarded the whole universe.
Nobody cares so you shouldn't either. The concept of Bitcoin is not compatible with our level of intelligence.
Ignorance is bliss.
No it isn't.
Even if Avalanche uses PoS that doesn't mean BCH uses PoS. If Avalanche is just a preconsensus algorithm working alongside PoS it shouldn't be an issue.
If I am correct about it.
But it can give people with a lot of money and no investment in BCH's infrastructure the opportunity to double spend.
How would that be possible? From my understanding it would not be possible with Avalanche.
The good news is you can always switch your investment over to BSV. Good Luck.
I'd rather just trade these assets for profit or not invest at all :)
People are making too much of a big deal about the technology. As long as it's fast, cheap, and reliable, that's all that matters and what most people will care about.
That's also true.
Fast, cheap, reliable.... But only pick 2
