I think his point is that they’re not really in competition, since they will constrain blocks so the least powerful validator can handle it. More sophisticated POS algos let stakeholders control this cutoff, but the validators still aren’t competing
Weeks? Don’t strawman, it takes an hour max. If they think it’s worthless, slippage is not relevant. This miner chose to leave hundreds of thousands of dollars on the table. Very expensive signaling.
As an aside, this whole redefinition of PoW and PoS is bizzare. I get it, but it’s a forced analogy and the kind of language game that makes you check for spooks.
Also consider that moves like these happened when the BCH / BSV ratio was much better. If it’s someone against BSV then they are signaling a point “this is a shit chain not worth my time” at great cost.
It’s irrelevant how thin the books are if it’s free money, if they didn’t care they would take it to 0. You’re implying they prefer to hold thinking price or liquidity will go up.
Here’s the play, BTC and BCH devs insist there is no possible way they can freeze or reallocate coins as their defense during trial. Once everyone with repo access makes this claim, CIA dumps satojcoins and no dev dares try to freeze them.
You can’t dilute the influence of someone who has legal monopoly over defining what is the correct way and fights people who disagree. The wiser choice unfortunately is to simply exit and let the system eat itself.
What a privileged thing to say, not everyone has time or skills to develop. Also it is not leaderless, someone chooses the exact hard fork parameters, which is nChain. BSV is literally defined by this leader.
BTC has successfully overridden block producer consensus with full node UASF run by heavy hitters like exchanges and such. “Only block producers matter” is only true when you have adversarial hash with 2/3rds total network hash. Makes ya think ;)