All altcoins without proof of work will be destroyed

Script3d

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Quote from: cahkalem on May 05, 2019, 11:14:58 AM

Quote from: tsaroz on May 05, 2019, 08:18:32 AM

Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

We should be able to accept every new experimentation and think out of the box if we really want cryptocurrency and blockchain tech to succeed.
Tokens can never replace mineable coin while they may serve a different purpose. We need to have ever diverse form of proving a transaction.
It's about talking whether a car is better than an airplane. Both serves different purpose.

yes, i agree with you,,
i believe non mineable cryptocurrencywith solid team and active development will survive in this industry,
because this is not about car, but this is about cryptocurrencies a digital assets my friend

We already have a coin that can prove non mineable coins would be able to survive in cryptocurrency space, the coin is IOTA which is rank 16 in coinmarketcap.

cahkalem

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Quote from: tsaroz on May 05, 2019, 08:18:32 AM

Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

We should be able to accept every new experimentation and think out of the box if we really want cryptocurrency and blockchain tech to succeed.
Tokens can never replace mineable coin while they may serve a different purpose. We need to have ever diverse form of proving a transaction.
It's about talking whether a car is better than an airplane. Both serves different purpose.

yes, i agree with you,,
i believe non mineable cryptocurrencywith solid team and active development will survive in this industry,
because this is not about car, but this is about cryptocurrencies a digital assets my friend

tsaroz

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Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

We should be able to accept every new experimentation and think out of the box if we really want cryptocurrency and blockchain tech to succeed.
Tokens can never replace mineable coin while they may serve a different purpose. We need to have ever diverse form of proving a transaction.
It's about talking whether a car is better than an airplane. Both serves different purpose.

Vishnu.Reang

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Activity: 1974

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I am not going in to an argument to prove PoW is better than PoS or vice-versa. But we have a decentralized, unbiased and free market, and the market conditions, demand and merit will decide which one of these coins will survive. Just because you don't like PoS, it is not fair to kill all such coins (which is not possible for you anyway).

shiming

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Start arguing about the good or bad of POW and POS? I think this is still handed over to the time test. Both have their own shortcomings and advantages. Perhaps, more advanced algorithms will appear in the future.

alevlaslo

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the company controls the hashrate, the government controls the company, energy sellers control the government

now the most interesting question is whether China will be able to ban mining, in which 80% of the bitcoin hashrate, I think that it can not, money is more expensive than the environment for energy sellers even for Communist China

an interesting coincidence: at coal in China is also 80% of power plants

Wintersoldier

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Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

Well, basically, hashrate also increases the security of a token or coin, in some sense, there are projects before that gets hacked because a huge hashrate volume is held by a just one entity miner, and that is risky for the project, I will not going to name that company since I know, many here know that well.

alevlaslo

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not confuse pow and pos

X-ray

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Quote from: Dennicex on April 30, 2019, 10:43:14 AM

Quote from: thaliaand on April 30, 2019, 10:02:23 AM

This technology continues to evolve and developments continue. Every change will certainly produce a new one as well as a new consensus mechanism that will be born and overcome problems and shortcomings in the previous one. POW is still a preferred choice, but the current development of POS is also an option by considering various advantages and disadvantages of each. But it does not mean that altcoin with a mechanism other than POW will not survive, precisely with these changes and developments, the new consensus mechanism will try to overcome the shortcomings of the previous mechanism.

surely you are right. POS-staking has been and remains one of the most reliable and affordable ways to generate passive income for most investors.

and remember while at the same time POW consumes a lot of energy and that gives a lot of contribution to the global warming. both are good system but it will be a perfect system when both getting implemented at the same time.
Not so many coins are interested in POW consider the asic miners.

george_hured

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It may be so, but I think that such tokens will be valued more today, because this protocol has really great prospects, namely, that the very idea of the protocol is really transparent! And I think that everything will develop further.

ahmia39

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Quote from: ?? on ??

I do not think that the coins on the PoW algorithm will be destroyed. The technology is developing and I think that they will come up with better solutions. I like the POS algorithm that ETH has switched to.

POW and POS algorithms are basically both good and have their own advantages and disadvantages, so their technology has indeed developed and has its own interests, if in my opinion both are good.

lobat999

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Quote from: fosco333 on April 28, 2019, 09:47:56 AM

Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

So the Proof of Stake big coin like DASH will be destroyed in the future ?
What are your opinion based on ? All coins without Proof of Work doesn't mean they have no place in the crypto sphere.
I don't think that gonna be happening, and more coins without proof of work will be created.

If I'm not mistaken, I think technically DASH is implementing a Proof of Work consensus algorithm with its X11 hashing algorithm and not Proof of Stake. Though its a little bit confusing, DASH also employs masternode technology to further improve its functions and services which oftentimes referred as POS but in reality, its not. And since DASH also employs POW and other useful features I think its very likely to survive long term. Imho.

Dennicex

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Quote from: thaliaand on April 30, 2019, 10:02:23 AM

This technology continues to evolve and developments continue. Every change will certainly produce a new one as well as a new consensus mechanism that will be born and overcome problems and shortcomings in the previous one. POW is still a preferred choice, but the current development of POS is also an option by considering various advantages and disadvantages of each. But it does not mean that altcoin with a mechanism other than POW will not survive, precisely with these changes and developments, the new consensus mechanism will try to overcome the shortcomings of the previous mechanism.

surely you are right. POS-staking has been and remains one of the most reliable and affordable ways to generate passive income for most investors.

thaliaand

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This technology continues to evolve and developments continue. Every change will certainly produce a new one as well as a new consensus mechanism that will be born and overcome problems and shortcomings in the previous one. POW is still a preferred choice, but the current development of POS is also an option by considering various advantages and disadvantages of each. But it does not mean that altcoin with a mechanism other than POW will not survive, precisely with these changes and developments, the new consensus mechanism will try to overcome the shortcomings of the previous mechanism.

rachman mahesa

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Quote from: Wale777 on April 28, 2019, 04:07:25 PM

Both algorithm and proof of work to ascertain level of hashrate isn't enough, leave all the shitcoins and the valuable coins to keep going, in the short or long run we will know who's is who and the fake coins will be sieved and the good ones will remain, the technology is not enough, Crypto itself will evolve and few digital currency will stand out like dollars and yuan are among the reserve currency because of its value

Maybe what you say is true too. Usually it is, if a project or coin that does not develop in the future will surely die too. And a really good project or coin will certainly survive with future developments. So it must be left alone.

JuliaJi

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it is interesting, but if it could be fair almost? I think that need to create a few regulative structures to check the projects

ricardobs

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Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

Well, in as much as am not really a fan of POS, but one thing we should know is that this is the crypto space and the crypto space is a free market where everyone have the right to create anything they want as long as they see it as an upgrade, so I don't think POS is going to die but It would be upgraded because I can see that it still has a lot of faults that needs to be solved before it can be pushed out to the world fully for mass adoption.

profitgenerator212

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Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

Technology always matters! There are several PoW coins doing well in the market irrespective of hash rate and in future, with room for crypto evolution and improvement, PoW coins can be better

Wale777

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Both algorithm and proof of work to ascertain level of hashrate isn't enough, leave all the shitcoins and the valuable coins to keep going, in the short or long run we will know who's is who and the fake coins will be sieved and the good ones will remain, the technology is not enough, Crypto itself will evolve and few digital currency will stand out like dollars and yuan are among the reserve currency because of its value

alevlaslo

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Activity: 1988

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cars are much more pollute the air, but still gasoline is not changed to water!

Quote from: rijaljun on April 28, 2019, 08:13:12 AM

Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

I dont think so, It's different thing. There are two options when the whole POW coin supply already mined. The first option is using Proof of Stake to validate the transactions. The second option is still using POW but the miner won't get coin from the block but from the fee of transactions. Then, coins without POW should not just die like that but it depends on the developer which method to use. Just like the car you mentioned, people just love other cars that's why that car is not really popular. Simple think.

water instead of gasoline is the dream of any motorist!

bigcash2011

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I think in completely the other way round, i think proof of work model is not sustainable due to its massive global energy consumption and large carbon output which is a threat to global environment and ecosystem that is why technology will automatically shift away from pow and already several govts around the world are banning mining and discouraging this model.

Yemolou

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I do not believe that all POW coins are going to be destroyed. It does not make sense at all for me, besides among top 100 crypto currencies on CMC there are too much POW coins to be eliminated from the market.

BitBustah

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I'm still not sure if proof of stake is a sustainable system, I do believe proof of work does a much better job of setting a floor value for a coin. Also proof of stake is more centralized since it just rewards the rich holders.

nicster551

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Not really, proof of work consensus are not really for scalability thats why many chains are switching to Proof of Stake for scalabiity just like what Ethereum did. And its not true that projects that are not Proof of Work mechanism will be destroyed. There are so many alternatives in the market and as the years passes by there will be new consensus to be created.

JuggSlash

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I don't think it would be easily destroyed since there is no way to destroy a coin even the developer cannot do it! The blockchain for every coin will just run 24/7 nonstop!

matej451

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POS and masternode are the most attractive alternative. Targeting to get a masternode is the goal for every investor into one attractive coin.

fosco333

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Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

So the Proof of Stake big coin like DASH will be destroyed in the future ?
What are your opinion based on ? All coins without Proof of Work doesn't mean they have no place in the crypto sphere.
I don't think that gonna be happening, and more coins without proof of work will be created.

rijaljun

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Activity: 1274

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Quote from: alevlaslo on April 28, 2019, 03:16:11 AM

the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

I dont think so, It's different thing. There are two options when the whole POW coin supply already mined. The first option is using Proof of Stake to validate the transactions. The second option is still using POW but the miner won't get coin from the block but from the fee of transactions. Then, coins without POW should not just die like that but it depends on the developer which method to use. Just like the car you mentioned, people just love other cars that's why that car is not really popular. Simple think.

alevlaslo

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Activity: 1988

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cars and house heating can work on water instead of fuel, but this technology is not allowed, so that large corporations do not go bankrupt. Therefore, technology has no value , it even unprofitable

BitcoinHodler

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actually technology is the only thing that matters! and using PoW or even having high hashrate doesn't matter at all. you can take a look at hundreds of shitcoins that are both using the PoW algorithm and have a high hashrate but they are still shitcoins and completely useless on the way to altcoin graveyard!

lobat999

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I honestly think that there will be more viable consensus mechanisms other than POW that will be developed in the near future which is more effective and efficient. Even today's contemporary alt coins are shifting from POW to other hybrid algorithms with could even make the network more secure and with that, I don't think those coins without POW mechanism will be destroyed any time soon.

Mighty_crypt

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This is not possible at all,POW coins are good no doubt and there are here to stay ,when difficulty gets higher newer tech will be made to make the difficulty rate running with ease but POS coins are just better because the don't require lots of energy to run which is my they will always be my favourite,the truth is its a matter of choice

Red-Apple

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that is just nonsense. nearly as nonsense as those who say proof of work is the worst thing and a waste of energy. you are both going too far with your statements.

the fact is that so far proof of work is the best algorithm with least amount of negative sides compared to other algorithms that have been designed but it is not the best thing that we can have. we still need to work on coming up with a better solution.
in any case one thing is certain, other coins with no PoW are not going to be "destroyed"!

Adriano2010

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Well i don't think will happen, and i think there are some coins now on market with PoS and masternode and can have some value over time, but regarding the price i think the PoW will have higher price than PoS coins.

alevlaslo

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Activity: 1988

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the world is ruled by energy sellers, coins threatening coins with proof of work will be destroyed like this car https://youtu.be/Jivb7lupDNU

The higher the hashrate (kilowatt to be exact) - the better the coin, the technology does not matter

Topic: All altcoins without proof of work will be destroyed (Read 346 times)