Criticism of BCH in The Bitcoin Standard (book)

Here is an excerpt from the book, The Bitcoin Standard by Saifedean Ammous (2018):

“Not only is the fork (Bitcoin Cash) unable to gain economic value, it is also dogged with a serious technical problem that renders it almost unusable. Seeing as the new chain has the same hashing algorithm as Bitcoin, miners can utilize their processing power on both chains and receive rewards in both. But because Bitcoin's coins are far more valuable than Bitcoin Cash, the processing power behind Bitcoin remains far higher than that of Bitcoin Cash, and Bitcoin miners can shift to Bitcoin Cash any time the rewards get high. This leaves Bitcoin Cash in an unfortunate dilemma: if the mining difficulty is too high, then there will be a long delay for blocks to be produced and transactions to process. But if the difficulty is set too low, the coin is mined very quickly and the supply increases quickly. This increases the supply of the Bitcoin Cash coins faster than the Bitcoin chain, and would lead to the coin reward for Bitcoin Cash running out very quickly, thus reducing the incentive for future miners to mine it. Most likely, this will have to lead to a hard fork that adjusts the supply growth to continue offering rewards to miners.”

Source: The Bitcoin Standard (2018) by Saifedean Ammous, page 618

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