Re: Annual 10% bitcoin dividends if mining were Proof-of-Stake
I find it ironic that Peter is arguing so strongly in favor of the seemingly inferior PoW system, when he is the one who recently proposed the perfect solution for shifting from one blockchain to another.
The adoption of Bitcoin is apparently mathematically chaotic in the sense that certain small changes to the present situation lead to large and unexpected consequences. There is simply no precedent for Bitcoin, and therefore we depend upon argued imagination.
Sorry - I read the 1st post and then skipped the last 9 pages.
Shouldn't PPC have been the one end-all to be all had proof of stake had been successfull wouldn't the mass majority of miners simply convert to PPC and hold a portion of it to roll over with POS?
"makes me dream of folks out there who have 10,000,000 PPC and recieve a cool million PPC each year to live off of
"no one likely has 10M PPC. there are on just over 20M PPC and the less being made than BTC or LTC.
However PPC is looking like it will go >$100 within a year