Post
Topic
Board Bitcoin Discussion
Re: Proof of stake mining of bicoin
by
cbeast
on 28/12/2014, 00:36:08 UTC
With all the hundreds of altcoins who can keep them straight? Many of them are hybrids but lean toward PoS. Ethereum waffles but will probably be PoS. I should have looked up the names rather than pull them out of memory, but this topic makes me weary. I prefer to let the market decide.

Fair enough, but Ethereum is going to be PoW:

 Ethereum will be a hashimoto dagger IO bound PoW consensus mechanism.
The latest under review is here under PoC7:

https://github.com/ethereum/cpp-ethereum/wiki
http://gavwood.com/Paper.pdf

So WTH were ethers for? Well, if a better PoW comes along, then Bitcoin can adapt it. I try to listen to Buterin, but while he understands the mechanics of these technologies, his ideology is inconsistent. That's just his youth and I don't hold it against him personally, but until you have the kind of resolve Satoshi has, you cannot be truly innovative.