Post
Topic
Board Bitcoin Discussion
Re: Long-term sustainability of Bitcoin
by
vintagetrex
on 14/07/2014, 02:49:11 UTC
Oh noes.....     Shocked


Another thread about mining and centralization...

Always love these altcoins trolling thread. Tell you what, i will give you a chance to explore why POS model faces even bigger "challenges"


POS might as well stand for Piece of sh**

It faces huge challenges in centralization.  For example, the Ethereum crowd founding that was started and canceled earlier in the year, was going to keep a large chunk of Ether for the Ethereum Foundation while employing a POS algorithm.  Since the Ethereum Foundation held the largest share of Ether, they necessarily would own 100% of Ether in time