Quote from: hbadger on August 21, 2014, 10:23:12 AM

Quote from: kelsey on August 21, 2014, 05:11:28 AM

I'm not upto speed on all of this project ie spent about 2 minutes.

However you wish to hardfork BTC beginning of 2016? you want major holders to follow your fork?

Why not just create a new chain?

What is the point of using BTC when for a start even a bitcoin advocate could hardly consider bitcoins current distribution as ideal?

Also well before you finish there will already be a bitcoin pos on its own blockchain (another project with significant backing far removed from this forum).

Because he wants his initiative to succeed, not to be just another short lived pump and dump scam. He wants to preserve Satoshi's social contract.

That.

Plus the current PoW coins are in a sort of unstable equilibrium, in which their operating situation is locally optimal, even though a hard fork to reallocate the mining reward would be greatly beneficial to the community. As Tim Swanson explains in his recent book, the core developers of Bitcoin do not have the staff nor the consensus to make a great change to how Bitcoin works. Disruption must occur from the outside and start with a market PoW cannot currently address - I will try microtransactions for example.