POW change is the last thing most people want to happen, because it would be most damaging to the network effect as people need to rebuild a lot of things.
Never say never, but not now
This is just untrue.
Monero switched its POW 2 times without any damage to the network effect.
There is a lot of misinformation about a pow algo change, that's correct.
The funniest thing is that the POW change can liberate BCH only from the influence of BTC favouring miners.
Of course the userbase is too fucking retarded to realize that.
So, what POW algorithm do you suggest?
Also, what makes you think would keep miners (e.g. Bitmain) from dumping their entire BCH stash if that happens?
Why are whether u dump a coin and whether u mine a coin necessarily connected like that? (honest question)
I am referring to the fact the some of big chinese are HEAVILY invested into BCH. Bitmain at one point had over 1000000 BCH alone. If BCH got forked to another POW, those miners would
have a large incentive to dump their holdings and hence crash the price utterly.
That was a long time ago they had that much. I would bet they dumped quite a bit when they were having financial problems. We don't know what they hold now.
Thx. Still don’t see the incentive to dump though. 94% of their SHA income continues and their decision to dump BCH depends on BCHs prospects regardless of algo.
Ask yourself this - why did ViaBTC, Antpool (Bitmain) and BTC.top - the biggest BCH miners and those that were on-board from the beginning of BCH when ABC released the first version of
their node efforts from the "minimum viable fork"-project, choose to support the BCH project in the first place?
Changing the pow algorithm is rather trivial.
