EDA has nothing to do with the value of BCH. It's to prevent a death spiral, and it is effective for this purpose. The value is based on its utility and adoption rate, which is increasing rapidly (4 new exchanges, including 1 BCH->fiat, in the past week).We'll see exactly why Segwit BTC-1x is weak without EDA in November when the SHTF with Segwit2x.
What utility,
its unusable. Last block mined more then 3 hours ago. There is no utility in BCH at the moment. As a store of value against 8 years old BTC it still meh and for quick transactions BTC, LTC and ETH are all better, at least they work all the time.
And did you look at the charts? BCH value is steadily going down since about august 19. In fact its similar to many alt coins - speculation and wild swings at first "its the next big thing" and then gradual decline when realization kicks in "no its not there yet".
But maybe it was all planed? release miner coin, mine a truckload of BCH, fork into better EDA algorithm. Can you say premined?
Bruh, Do you even bitcoin? Did you notice that transactions were routinely unconfirmed for 72 hours a few months ago? Suck it up and wait 3 hours, big deal. It may not be optimal, but obviously someone is gaming the EDA, and the other miners are too lazy to smooth out their erratic hashrate game. If this was BTC, Maxwell and all of his little butt-minions would be screaming on Reddit about the "attack on decentralization", blaming Roger Ver and Jihan Wu, etc. It looks like BCH people just quietly suck it up and buy the coins this miner is dumping
I know a lot of people who bought at 0.084. Man I wish I had the money to jump in.
As for this claim of "unusability", BCH still has fees that are 1500x lower than BTC/Kore. This means that all of the use cases for BTC that disappeared due to the artificially high fee market are back: dice, gambling, micropayments, tipping. In short, you can
use your coins with BCH rather than greedily wringing your hands over your little pile of BTC "digital gold".
