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40d · Bitcoin Cash
I start to understand the #BitcoinSV guys when they criticized the direction #BitcoinABC was taking #BCH with for example #Avalanche. When they criticized it they said that it was introducing
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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
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I strongly disagree.
Just because Avalanche might be PoS, doesn't mean that BCH is not PoW. Avalanche is pre-consensus. Some sort of pre-consensus is needed for more efficient mempool
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syncronization (which helps future scaling massively) and 0-conf security. Also, regarding dynamic block size, that is still very much on the table. BUs ineptitude has nothing to do
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with it.
BSVs trajectory is a dead end. They ignore fundamental scaling problems, and they still haven't demonstrated that their approach can someday to sustained GB blocks.
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Let's hope it doesn't come to the next fork. That would be the end.
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Avalanche is a great idea. It will not be the end. It will what truly sets BCH apart from the other Bitcoin forks in a way that makes it bullitproof to 0-conf attacks and scaling.
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Avalanche?
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It seems pretty sure it will come in at some point
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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.
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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.
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Why are you in favor of POS+POW?
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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..
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with this, you basically onboarded the whole universe.
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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...
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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.
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Nobody cares so you shouldn't either. The concept of Bitcoin is not compatible with our level of intelligence.
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Ignorance is bliss.

No it isn't.
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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.
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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.
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But it can give people with a lot of money and no investment in BCH's infrastructure the opportunity to double spend.
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How would that be possible? From my understanding it would not be possible with Avalanche.
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The good news is you can always switch your investment over to BSV. Good Luck.
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I'd rather just trade these assets for profit or not invest at all :)
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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.
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That's also true.
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Fast, cheap, reliable.... But only pick 2