Post
Topic
Board Development & Technical Discussion
Re: Why exactly is Bitcoin clinging to PoW?
by
Wind_FURY
on 22/05/2021, 08:25:42 UTC
The poster mentioned change as in change of POW, “or some better model”.

The poster meant that changes have to be made sometimes. This is all he said. He didn't mention any new models that are greater than PoW and I doubt if there is one. He said that there may be in the future and that PoS won't replace it.


This is what he said, “so I would not be surprised if we see some future change in Bitcoin PoW or some better model”.

A change to what better POW? And risk disabling the current mining hardware? That would break the very foundation/fundamental structure on why everything in Bitcoin works.

Are you still saying that changing POW into some other “innovative idea” would be a good idea for Bitcoin?

No! I never wrote that we have to change PoW with something better. I've already said that PoW is the greatest choice, I just don't know what the future holds. How sure can you be, for example, that RIPEMD160 will be safe from collisions in the next 3 decades?

[/quote]

I don’t know, but you know “some future change in POW” that would disable the current miners will break Bitcoin.