But the hash would probably fall extremely and so would the price. Also, after such fork the sha256 miner would continue to mine the old BCH. Nobody would follow the new fork.
If majority of the underlying ecosystem upgrades their software then it will be BCH. Miners are powerless if everyone else follows a different chain.All upgrades require coordination, this is no different. I think the BCH userbase is big enough to pull off a successful POW algo change.
Agree with all TLT :-) but if Algo change is done without BCH ABC and others, we risk splitting to a new name & ticker if algo change is done with consensus,rivals will mine old chainHurdles will be there, but they can be overcome eventually....something must be done long term before eco warriors turn against mining too.
Indeed. To do a successful algo change majority of the non-mining players and users have to upgrade including the exchanges. It's the same with any hard fork upgrade.