Post
Topic
Board Development & Technical Discussion
Re: Why exactly is Bitcoin clinging to PoW?
by
BlackHatCoiner
on 19/05/2021, 17:00:02 UTC
Read his post.
I believe he did. He just said that Bitcoin has indeed changed a lot of times in the past, to improve the way it works. You see, sometimes, the “singers” of this network must switch tunes, but that's not necessarily bad. As long as there is harmony, we're fine.

He believes a change in Bitcoin’s POW “or some better model” <- not sure what that means
I guess he said that PoW will either be changed or a new mechanism will be replace it.

Is he actually saying that Bitcoin must break what makes the whole system work?
“Break” isn't the greatest word to describe this. The system has to change sooner or later and you should be okay with this, except if you haven't understood the way it is structured.

I'm quoting you a message of this forum:
Quote
According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)