Quote from: hbadger on June 15, 2014, 01:47:19 AM

I'm aware of PoW problems, but you were saying non-sensical things like we allowed "MtGox to become centralized". MtGox was just an exchange, and it was never decentralized. It's just a website! What do you expected Bitcoin developers to do about it?

It was avarice which allowed Mt Gox to grow like that. I'm not usually someone who speaks out against greed because greed can be channeled into good or bad purposes. When greed leads only to centralization without promoting technological progress then can we accept that it's being channeled to a bad cause?

Mt Gox was not producing technological innovation, it wasn't even trying to be the most regulated exchange, it was just a nest of greed heads who were clinging to an obsolete centralized exchange technology. Exchanges were falling left and right yet people still put their money into Mt Gox and many of them were some of the richest early adopters of the Bitcoin community.

Quote from: hbadger on June 15, 2014, 01:47:19 AM

Also, nothing changed when a pool reached 51%. If you didn't panic at 30% or 40%, why are you panicking now?

When Mt Gox first started delaying withdraws nothing changed immediately. When Mt Gox first got hacked we heard the same sorta "stay calm" rhetoric. Why should I listen to you now? The security of Proof of Work was based on the premise that a 51% attack is not feasible. It's now proven that a 51% attack is feasible and while you can tell us that it can be patched or prevented it doesn't change the fact that the vulnerability is in the design of the Proof of Work incentive structure itself.

You're going to keep having these sorts of problems until a hard fork switches things over. A hard fork will be necessary because the elites of the PoW Blockchain hierarchy are not going to want to give up their power. Those who would willingly give up their power for the sake of technological progress are truly on the side of technological progress. A transition has to occur and at this point it is clear that Proof of Stake is a better design for long term sustainability both environmental and socially.

Quote from: hbadger on June 15, 2014, 01:47:19 AM

CPoS hasn't been proven secure yet, and other alternatives have been proven insecure.

CPoS hasn't been tested yet, I'll give you that. NXT, Peercoin, Blackcoin, all are partially working. Bitshares is in the testing phase right now and DPoS, CPoS, are both similar in a lot of ways. When Bitcoin was being worked on no one was sure it could work but the people who took a chance were rewarded. It resulted in a great technological breakthrough and progress. We have to continue pushing for technological progress in my opinion.

Quote from: hbadger on June 15, 2014, 01:47:19 AM

If you are so sure PoS is secure, go ahead and sell your bitcoins for Nxt. But have you considered that a technology might not be "the most advanced" just because someone says so?

I'm not telling anyone to sell all their Bitcoins for any specific technology. I'm saying we should promote technological progress at every opportunity. Bitcoin is proven to have vulnerabilities in the design of Proof of Work and Proof of Stake is an alternative which might be able to solve it. CPoS could work as intended and if it does then there will be no rational reason to stick with PoW except avarice.

Quote from: hbadger on June 15, 2014, 01:47:19 AM

This thread is for research, not panicking, fudding, and complaining about the state of Bitcoin or its politics. Please keep it clean.

The whole premise of this thread is that Bitcoin needs to be upgraded. A hard fork is a way to do that if the core developers and entrenched interests wont support the idea. Of course I would rather see the core developers and companies like BitFury get behind the idea. I would like to see these companies begin funding development, where is BitPay? Where is Coinbase?

But I'm skeptical that anything will happen until something dramatic causes people to act. So I'm not posting to promote any FUD, only to share my own stance which you asked me to clarify.