Quote from: stripykitteh on July 30, 2017, 12:36:20 AM

Quote from: CentraTech on July 28, 2017, 03:14:58 AM

DO you guys ever think that bitcoin will do proof of stake? Just wanted to get some peoples insights on this.

No.

Unless there was an update through Bitcoins final development there wouldnt be any PoS implemented into Bitcoin because theres already altcoins that feature that concept. There wouldnt be any point for Bitcoin to get a PoS coded into it because Bitcoin is already capped at 21 million coins.

Plus, if there was a PoS code placed into Bitcoin then the transactions within Bitcoins Blockchain would be cluttered because there isnt that many miners that can keep up with the competitive mining difficulty that Bitcoin has.

If you are spending 0.0001 Bitcoin for transactions you would have to spend much more to get your transactions confirmed.

Agree on you sir, i believe this would be a very bad idea to put BITCOIN in "Proof of stake". Not mentioning it's effect to the miners but the whole effect for the whole BTC users. I mean we all hate transaction delays as of now most of us are really complaining to it now imagine when this things happen. And the additional transaction fee will not be a very good thing to add with. But who knows those thing are uncontrollable factor, Let's just hope POS will not be implemented for BTC.