Quote from: Khaos77 on November 12, 2019, 07:22:11 PM

Quote from: Johnii on November 11, 2019, 04:23:34 PM

the cryptocurrency is not only extremely expensive in terms of its mining costs, but also inefficient in its long-run design. However, the efficiency of the Bitcoin system can be significantly improved by optimizing the rate of coin creation and minimizing transaction fees. Another potential improvement is to eliminate inefficient mining activities by changing the consensus protocol altogether. So there is the possibility of replacing PoW by a proof-of-stake (PoS) protocol which can strictly dominate
PoW and even support immediate and final settlement. There are many fundamental issues of a PoS protocol still need to be sorted out and remains much to be learned about the economic potential and the efficient, economic design of blockchain technology.

Proof of Stake is Superior to Proof of Work.

You have a lot of bitcoin fanatics in here, that are too blind to see that.

As far as PoS issues,
@NAS, has proven to be a line of horseshit from GMaxwell.

The only real issue was not a PoS issue , but the fact most PoS coins have too high an inflation rate.
Some PoW coins like mooncoin and newyork coin also had too high inflation rates.
Which coins like ZEIT has solved by moving to an ultra low inflation rate of .0005% yearly and a burning of transaction fees.

Bitcoin issues that will never be solved using PoW
Energy Waste will continue to worsen
Transaction fees will increase or the network will collapse
Government approval will be required for the miners to host massive electrical draining warehouses
Bitcoin Mining Control will continue Centralized to the Top Mining Pool Operators

your approach is highly important about Bitcoin adopting POS for more scaling but the issue here is how to convince what you have described Bitcoin fanatics or maximalists to change their mind and become more flexible towards the development of bitcoin.