The DAA has cost BCH millions of $ and is the reason the halving came a month early
EDA was the reason for halving coming a month early, not DAA. DAA is the reason for oscillating number of blocks throughout a day.
Thanks for reply. You are right. The DAA is actually doing the opposite, generating less blocks than before. If things continue, next halving should realign for BTC and BCH.
This was incorrect. The EDA, which BCH used for 4 months from Aug 2017 - Nov 2017, generated about 10k extra blocks and is what cost millions and caused the halving to come early.
It made Jihan and friends extra profit.... good times huh?
That was EDA. And almost all pools participated in taking advantage of that "bug". At a point there was more hashrate on BCH than on BTC.
This is why the SHA256 algorithm should have been changed by now. Sadly the bch community is as ignorant as the btc community.
Changing from SHA would be a mistake, IMO, from which BCH would never recover. Changing the DAA is a posibility for November upgrade.
No, changing the POW is the only way to break free from the influence of BTC favoring SHA256 miners. BCH will certainly fail without a pow algo change.
You can't ignore that having 1-2% of the total SHA256 hasrate is a systemic risk in itself and deters investments and usage.
...but... but... flippening?!? I was promised it would happen soon. Any minute now for certain.
And besides, miners are our fwends. They would never hurt us, right?
What?
The reasons as to why sticking with SHA256 is supposed to good for BCH seem to change as often as BTC change their narrative on what bitcoin was supposed to be.
You can fine tune diff changes, but all you do is smearing lipstick on a pig.
As an example, Monero defended its sovereignty twice by changing the algorithm and every single time it made the network stronger.
Currently, BCH could still pull it off (there are enough community support to put enough CPU/GPU hashpower behind a new algo), but this window of opportunity is closing rapidly.
Opinions differ.
They are. And some "opinions" tend to cause damage, just like BTC was ruined due to people believing that keeping the 1MB capacity limit is a must.
Also, miners have been gaming the difficulty, so no, MINERS exploited the bug and caused the early halving and disruption. Get your facts right Jason.
