How is it similar? BCH SV are miners who have to do the work and keep doing the work of mining, there is nothing PoS there. Them using their money to mine BCH SV is benefitical for us.
Wrong. BCH SV is a centralization of a few miners under the influence of a lunatic professor and a billionaire. I think it's similar to what you said about PoS.
PoS doesn't require any work.. PoW does. There is a massive difference there.
Ok, but your other point was that people who have lot of money are able to dictate all the rules with PoS. This seems to be the case with BCH SV. These are your words, read back.
WIth POW your money is used up continuously, with POS your money earns you more at a rate proportional to the size of your initial investment/size of network.
There is a difference in just having lot of money & using this to have power to make decisions, This is PoS based system. When you have to do the work instead, its not the same thing.
No, its not centralisation. One can create other shitcoins or split the chain but needs to fight it out with SV miners, by putting in their own money where their mouth is & doing PoW
One entity owning 70%+ of the hashrate is not centralization? What happens after the fork? One entity has 100% hashrate. This is like fiat. An entity has the power to print money.
You clearly never read the white paper.
One entity doesn't own 70% of the hash rate.
Do you need a source? Google?
Can any miner prevent others from mining also? They can't. That's why there is no centralisation. Central banks are because they are only entity that have ability to create money.
The person with the power can can orphan new miners blocks.
With central banks, they are only entity having this power, no one else has it. In Bitcoin this is not the case. That's why Bitcoin isn't centralised even if only 1 person is mining it
Of it is only a couple pools mining CSW's ShitVision coin then it is centralised. BSV can fork off and take its mining power. BCH doesnt need them.
You still don't understand what centralisation is. It is power of some entity to prevent others doing what they are doing, its having one rule for one entity & another rule for others
No that is not what centralisation is. Centralisation is having majority hash under one miner/mining pool.
Nope, that is not centralisation. As I said, you don't understand this at all.
they will never understand...
Maybe so, but the other side is adding opt codes not needed and side chains like wormhole.
The other side is not "adding Wormhole". Wormhole is a layer on top. Has nothing to do with consensus protocol.
Wormhole is destroying good money (BCH) which is not good, it doesn't scale Bitcoin, it helps Jihan make profits at the expense of Bitcoin BCH.
