Post
Topic
Board Bitcoin Discussion
Re: Who needs Satoshi Nakamoto principles?
by
uray
on 09/12/2019, 17:07:34 UTC
Wow! A much needed discussion is finally starting now! So OP is literally saying the community to move to the POS algorithm and scrap the POW algorithm that miners are using now! I am sure, a lot of big companies will be unhappy after seeing this because these companies have invested millions to set up their mining operations.
If you want to make the market happy you cannot change the base protocol every now and then and have a blind eye on the investors who spend millions to build farms to support the network from any attack and thereby earning the incentives and none of the algorithm are perfect and hence i do not want to see any change in the algorithm.
 
@OP i have no idea what Satoshi would have done if he knew that ASIC machines will be rule the mining industry and hence i cannot make a comment on that but my concept is that they are helping the network against attacks and that is the important thing in my view.