Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
Odalv
on 02/11/2014, 15:18:23 UTC

It is POS like in that the servers are set up by stakeholders and are centralized. Is that really the direction you want to move Bitcoin?

Fine, don't force  us to change the source code for your own purposes.  

What changes exactly do you mean ? Nobody proposes to change PoW to POS in bitcoin network.

I thought that was the last time you were  going to respond to this topic?

The SPV proof, waddaya think? The pos reference was to the federated model.

Simplified payment verification proof can be used on SC and will be created by SC.

No. To initiate the first transfer requires change in Bitcoin source to construct the SPV proof so that BTC can access SC

In bitcoin participants will send bitcoins to some addresses. Side chain will observe if all transactions were sent and every tansaction has enough confirmation.