My favorite iPhone feature was removed, long live its subpar replacement
Even before apple introduced the 3D Touch for trackpad feature, there was a Jailbreak tweak called SlideSelection. IMHO it was an even better solution. All you had to do was drag your finger left from the backspace key and the caret would start gliding. This was faster than having to force touch or touch-wait on spacebar. Also for selection you could double tap backspace and slide your finger.