Post
Topic
Board Bitcoin Discussion
Re: What spells the end
by
dnydublin12
on 08/09/2014, 15:18:27 UTC
"However, proof of stake, as implemented in nearly every currency so far, has one fundamental flaw: as one prominent Bitcoin developer put it, “there’s nothing at stake”."
It turns out that isn't a problem.

Quote
Do you think Ethereum could be the PoS system that suceeds?
I don't know much about Ethereum, but I believe it is not currently planned to be PoS. Generally, about half the top-10 coins are PoS; isn't that success?

Absolutely, didnt mean to imply PoS wasn't a success.

Just googling Ethereum PoS PoW, I think you might be right. They might be a hybrid proof of work system, with elements of Pos design to avoid the centralisation problem.

http://www.reddit.com/r/ethereum/comments/23k1kg/why_did_ethereum_choose_to_use_proof_of_work_as/