Post
Topic
Board Announcements (Altcoins)
Re: Ethereum: 2nd gen cryptocurrency with contract programming, "dagger" hashing
by
tacotime
on 15/01/2014, 01:02:50 UTC
Bitcoin has a current inflation of about 11%
Ethereum seems to have a initial inflation of 50%, based on the info.

Why not proof-of stake? Fixes the inflation and the 51% attack problem.
Cool project though. Can't wait to get more info at Miami.

Vitalik had trouble solving the "fork" issue, that is, that when two forks arise in a PoS coin, there is no incentive for PoS miners to select one over the other.  That is, they are incentivized to mine both simultaneously at the same time.  He thought he may have solved it today, but didn't seem terribly interested in pure PoS, especially because you need to typically do a 100% premine.

There are other people I know who previously wanted pure PoS chains arguing about them for one reason or another now.  I would guess that Satoshi himself/themselves also considered this (as it seems like the more logical means to construct a cryptocurrency network), but abandoned it for whatever reason.