Post
Topic
Board Altcoin Discussion
Re: [ANNOUNCE] Bitcoin Cooperative Proof-of-Stake - CPoS
by
SlipperySlope
on 22/05/2014, 02:43:34 UTC
Enterprise-class would be a major downgrade from bitcoin's current class.  Bitcoin is AT LEAST solar-system-class.

If we are going to drive Visa and bank wire transfers out of business, then our network needs to be better than theirs. It cannot depend on part-time laptops and ADSL connections. It can be supplemented by those sort of home computers, but the network needs to be non-stop, redundant, and robust in case of power failure and Internet connection outages.

Enterprise class servers and networks are a solved problem. All it takes is money. Each day block creation rewards total about $1.6 million. There is plenty of money to give Bitcoin the hardware it deserves and to pay people around the world to run full nodes - if and when CPoS replaces PoW.