Post
Topic
Board Bitcoin Discussion
Re: $5000 per coin will never happen if PoW mining is allowed to continue
by
kokojie
on 23/10/2014, 18:06:31 UTC
A huge part of Bitcoin's success is thanks to PoW.

OP can't see the forest for the trees.

OP should fork Bitcoin to proof-of-whatever and let it compete with Bitcoin. Someone, for the love of all things holy, please fork Bitcoin to proof-of-whatever and release it so we can put these endless debates to bed.

No, Bitcoin's success is thanks to its early start, to Satoshi's innovation and to the efforts of the community. PoW had very little to do with it. If Bitcoin had used PoS from the start, it would probably be more successful, and we might already be seeing $5000 per coin today.

We could both make unsubstantiated claims all day long. Just fork the code and let them compete. I fully support forking Bitcoin to PoX.

I wouldn't support that, why would I cut off my leg to remove a leech from my leg, your proposal is childish and laughable.

What are you proposing if it isn't a fork?

I'm proposing an official fork approved and distributed by Gavin Andressen, not a 3rd party fork.