Post
Topic
Board Development & Technical Discussion
Re: Bitcoin needs to move to POS. Thoughts?
by
Searing
on 30/04/2016, 10:21:03 UTC
Bitcoin is what it is largely because of mining. Switching to POS would be disasterous.

That's what I used to think but I'm not so sure now.  What does mining provide that POS wouldn't?


So you are proposing a POS coin change but keeping the 21 million limit? That imho is NOT gonna happen in my lifetime...

they can't even get the politics out of a 'hard fork' try taking transaction fees away from the network folk that are still doing pow

when it is no longer in any way/shape/form due to extreme difficulty makes any sense to mine BTC (or rely on that as major $$$ point)

(above is from my limited view on how this works..but I mean really ..the devs of any flavor core/classic get into nerd slap fights on a hard fork
or not.....a POS coin change would never happen (again imho) just from the egos/politics/power involved ..or lost there of....so it a no go from that start

again imho

(always take what I say with a grain of salt at one time in my newbie BTC youth of 2013 I DRANK the BFL kool aid of 'In 2 weeks' (tm BFL) always best

to keep that in mind on my posts) Smiley (such a happy clueless kool aid drinker I was in 2013...alas now I'm a a cynical ..is it all gonna go FUD and "Tulips' thru dev stupidity skeptic)

I miss my 'cute' newbie world view Sad