Re: [ANN] Bitcoin Cash - Fork 1:1 of Bitcoin - Pro on-chain scaling - Cheaper fees
I honestly cannot tell if it was designed to work this way or just a huge glaring oversight due to being rushed and no testing
I have no doubt this is working as intended, to suggest otherwise means they are just really lucky, I think not.
Here tek goes again with the EDA FUDing. The truth is that diff adjustments in BTC are fatally flawed. The Segwit coin is susceptible to a coin death spiral, which occurs if mining power decreases rapidly for some reason (like, say, China raiding and shutting down mining facilities... just sayin'). If diff doesn't adjust soon enough, as a result there can be no blocks mined for up to a month. This means no transactions can happen and the coin value drops off a cliff. This hasn't happened, but it could.
BCH tries to mitigate this problem by having emergency diff adjustments if hashpower really drops. Obviously the BCH coin has more hashpower than anticipated, so prices and mining are up and down a bit. Nonetheless, BCH is NOT susceptible to the death spiral phenomenon.
As far as "gaming the system", that's what miners do at all times with every coin - that's their economic incentive, and they would be foolish not to! Even if the coinbase issuance is not completely linear, what is the consequence?
Isnt the function of EDA to ensure Bitcoin Cash remains competitive with Bitcoin Segwit?
I've tried to explain this at least 5 times, these FUDsters just run when they figure out again that their beloved Segwitcoin is actually the one with the "difficult" problem.
Then I hear these same people saying they like Lightning Network. I suppose they haven't really figured out that it can't be any better than Paypal and credit cards by design.
As for "liking banks", I can't even...