Post
Topic
Board Bitcoin Discussion
Re: Alternative to PoS and PoW or any existing concensus mechanism
by
Emoclaw
on 26/10/2017, 19:53:54 UTC
We need new idea now. Not PoW or PoS. Both are not sustainable. We need to have something where certain number of miners are randomly selected and grouped together in a group and rewarded for each block. Then for next block reward another random group needs to be created. So, chances are always there for one to get rewarded.  Kiss Kiss Kiss Kiss
What are you talking about? With Proof of Work and Proof of Stake, everyone is ALWAYS rewarded for their shares. What you're proposing is that a chunk of miners randomly be rewarded the entire block, regardless of how much they are contributing to the network. This creates the chances for someone to NEVER get rewarded.

Did you even put any thought into your idea or you just simply came up with it while daydreaming and decided to post it to increase your post count?
You claim that PoW is not sustainable yet your idea is very similar to it. Why would you even think that they are not sustainable?