Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Well, if Jihan and friends have their way, BCH will never have the most accumulated SHA256 work. They are hinting around that they want to decrease the block times to 1 minute and perhaps implement POS.
He's got plenty of hashpower on hand. It's only natural he'd be better off allocating as large a fraction as possible to the more valuable coin. Also, POS can be a very good thing. For those that hold the absolute majority of tokens, at least.Of course POS would be a good thing for Jihan and his ~1,000,0000 BCH.
However, POS on a limited supply coin is always less secure than a POW coin. All an entity needs to do is accumulate 51% of the coins and be in a permanent attack position. No amount of competition will ever be able to unseat them.