Post
Topic
Board Bitcoin Discussion
Re: It's about time to turn off PoW mining
by
inBitweTrust
on 26/09/2014, 14:49:27 UTC
Your 1st solution doesn't work, it's trivial to change IP.

I said it would temporarily mitigate an attack while the protocol was adjusted where no IP is needed, WOT can be used.

I do think PoW has no security benefit over PoS, otherwise why would I be calling for an end to PoW, and favoring PoS?

Thank you for your honesty, but it clearly shows that you don't understand how PoW is different:

 
Is there a rebuttal from the PoS crowd to this:
  https://download.wpsoftware.net/bitcoin/pos.pdf

... other than "sure, the original PoS ideas were flawed, but the latest MegaUberPoS system gets it right and nobody has figured out exactly how to break it!"


I suppose all the developers that work with PoW are equally as misguided as me, right?