Post
Topic
Board Bitcoin Discussion
Re: Long Live Proof-of-Work, Long Live Mining - "there is no meaningful alternative"
by
cbeast
on 06/12/2014, 02:02:06 UTC
Of course, whatever functions longer has more credibility: PoW ~6 years, PoS -1 year, PoI - 0 (still in testing). However, dismissing flaws and vulnerabilities in systems that have run for a long enough time is not constructive. "Good enough" may be not enough for some rare case situations, which can happen under certain conditions, those rare case situations should be foreseen and measures should be applied prior to such events, it's only common sense in engineering.
I absolutely agree with the principle of that statement. However, my objections with PoS is not in its software engineering, but with its social engineering design.