Quote from: LaudaM on May 31, 2015, 08:00:28 PM

Quote from: jonald_fyookball on May 31, 2015, 06:23:25 PM

woah woah... where does Gavin say he doesn't believe in PoW? This I gotta see.

Quote

Gavin has said many times, in private, that he does not believe long term that the chain will be secured by proof-of-work. I'm sorry I don't secretly carry a cryptographic timestamping recording device on me, so I can't prove it in a formal way... if you really believe I'd just outright lie about that, I there isn't much more that I can offer.

It's the second post by Maxwell here:
https://www.reddit.com/r/Bitcoin/comments/37vg8y/is_the_blockstream_company_the_reason_why_4_core/crqbd78

The question is do you believe Maxwell or Gavin?

Quote from: GenTarkin on May 31, 2015, 07:20:59 PM

You didnt notice the near $10 price drop since yesterday?!?!?! This is only the beginning. Once word of this coders bullshit goes public its gonna be mass panic.

Yesterday it was $236 now it is $231. That is not near $10. However I do agree and this just confirms Vod's words:

Quote from: Vod on May 30, 2015, 04:57:37 AM

Such a move will only weaken Bitcoin's credibility in the eyes of the public. Undecided

Ahh I see. Well, this is a bit overblown IMO to say Gavin's been compromised or crazy.
This is Greg relaying third hand what Gavin said in private "long term" about the
security, and speculating about other consensus algorithms as many people do.
It doesn't mean he's advocating get rid of PoW.

I understand Greg's position...presumably, there may be better ways to deal with
scalability than huge block size increases which could lead to centralization,
but I also understand Gavin's position that we should do something now to
avoid issues.

I'm not too worried, I think the situation will work itself out as it always does.