Quote from: samson on May 11, 2013, 06:42:41 PM

Quote from: KFR on May 11, 2013, 06:35:59 PM

Quote from: samson on May 11, 2013, 05:25:08 PM

It's not in any way a foregone conclusion that Bitcoin will fail. Bitcoin could evolve into it's own replacement.

Perhaps it already has. e.g. Litecoin

LOL, Liteoin is no advancement. It's just a proof of work coin, very similar to Bitcoin with some tweaks in block generation times, etc.

I like the sound of the Proof Of Stake system, now that's a real advancement.

The POS algorithm is exactly that a Sound.

The PPC POS algorithm is still broken from last December. The "fixes" implemented since have not been publicly discussed nor has it been proven to actually be a viable POS algorithm.

But you are right, the SOUND of POS system is nice...it just isn't a reality yet.