It's remarkable how little mention this got considering it's the 'real Bitcoin'. If the 'fake Bitcoin' did this everyone would pulls their pants over their head and run around screaming. It pretty much says it all.
People don't understand just how terrible this is for a coin.
Or probably people just ignore this coin since it just a shitcoin for them
Take EOS as another example. It is completely controlled by 21 "Block Producers". The very design of EOS (their "constitution", as they call it) gives these block producers the power to reverse transactions, freeze accounts, and seize your coins, and there is nothing you can do about it. This isn't even a bug, it's a feature. EOS remains the most successful ICO of all time, and currently has a marketcap of over $6 billion.
Furthermore
EOS staking favors the developer, they got 4% of the 5% annual stake. A good way for developers to enrich themselves.
A majority of users don't understand the tech behind various coins.
I believe if people are into tech, I guess Bitcoin had been dethroned already so I guess it work bothways
.
This is especially true of BCH, where the majority of users are newbies who have been tricked in to buying BCH by Ver and his shills thinking it is BTC.
Just being fair Bitcoin have shills too
. Though we don't have to lie like those of BCH shills just to attract new investors.
If you understand just how bad a single pool being able to 51% attack a coin is, then you understand the difference between BTC and BCH, and you are already staying well away from that trash.
That is really bad, and this action only means one thing, we must not trust this BCH because they not only manipulate the market, they also manipulate the blockchain flow, even reverse it if it is beneficial to them.