I personally use sideshift to swap BCH to USDT on a regular basis, these swaps are done within one minute as sideshift has implemented 0-conf
Then i also use Trust Wallet, which does not recognize 0-conf and tx show up after one confirmation, but its because of their implementation that i do not use BCH within Trust Wallet, different block time wouldn’t change that because blocks would still be unreliable as that is the nature of mathematical variance
Even if blocks would confirm between 10 seconds and two minutes that would still not make me use Trust Wallet for BCH
I use cashonize with cauldron and paryon and had the most satisfying DeFi experience that is so fast and reliable with 0-conf that i can not see how faster blocks could improve that user experience
I also interact with Binance regularly, not that i have an account myself, but i frequently, every single day several times, deposit USDT to merchants Binance account, I use USDT because BCH deposits are just way too slow on Binance, they require two confirmations to acknowledge the deposit
Anyway nobody of the merchants that I frequently visit, which are ~20, would prefer to be paid in BCH as USDT has achieved to be the standard in Venezuela, the commerce has chosen that they want dollar pegged tokens, except if I would insist to pay with BCH then they would accept it, but why should I make them uncomfortable as I already enjoy absolute self custodial payments everywhere I go and I am grateful being able to live unbanked
In Venezuela the situation is that fifty percent of merchants accept Binance and everyone is using Binance as their “wallet”
I wonder what would Binance do when the block times change from ten to one minute, would they simply ramp up the deposit confirmations 10x?
That is a major question for me, if Binance would not ramp it up, then it would have some kind of benefit to lower the confirmation time, but I doubt that as Binance has no interest in helping BCH, they want users to rely on their Binance Smart Chain, so if I wanted to have quick deposits of BCH i could just convert BCH on the Bitcoin Cash chain to BCH on Binance Smart Chain and then have instant payments when i go to the merchants
In summary, my user experience would not improve at all by lower block confirmation times
I would not experience ANY practical advantage
I would want to have statements from mayor stakeholders, especially from Binance, to figure out how they would react on lower block conf times so that at least in theory there might be a benefit even if that would not affect my daily routine at all
Binance has the biggest BCH wallet of any other user, they should definitely be contacted and be asked for a binding statement
I am against the update as long as there is not absolute clarity that it would improve user experience more than it would hurt it
Because in the end, BCH will not be Bitcoin anymore as it would not follow the white paper anymore and that is a major emotional damage as that is what the BCH community has always been fighting for, to be the “real” bitcoin would not be an argument anymore