Topic: Bitcoin can go to proof of stake after they see how ethereum goes - page 2. (Read 513 times)
April 15, 2020, 09:08:32 AM
In as much as this is a good idea, I don't think all these huge mining farms will consent to the idea because this will take away all the supremacy they have over the network in gaining BTC rewards. Ethereum will definitely do well after they switch over to Proof of Stake but I don't think bitcoin enthusiasts will follow suite, never!
April 15, 2020, 07:29:03 AM
Bitcoin's current POW model is one of its largest criticism. And any move away from it would divide the bitcoin community into large fragments. And it's still too soon do discuss about a different model as many coins are still experimenting what suits them best while bitcoin still is the most beloved currency.
April 15, 2020, 05:22:37 AM
Bitcoin Suisse founder has mentioned bitcoin could possible go proof of stake some time in the future.
They are going to follow suit after seeing how ethereum's own iteration goes with casper and beacon?
https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder
They are going to follow suit after seeing how ethereum's own iteration goes with casper and beacon?
https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder
If I could bet against this outcome, I would. Niklas Nikolajsen has his head in the clouds. At most, a small community might fork off and it would be considered an altcoin.
Also, based on Ethereum's track record, I don't think we'll actually see full POS deployed for several years, and possibly never.
April 15, 2020, 04:17:18 AM
I would favor a change to POS, if someone can make a good argument that Bitcoin doesn't truly need decentralization, and censorship-resistance.
April 14, 2020, 11:56:47 PM
Bitcoin is the innovative leader here, it needs not follow after ETH updates. POS gives more money to the rich and the more of the coin you have, the more reward you are guaranteed, this does not represent a fair sharing formula and its rewards the rich more, POW is okay with bitcoin let the original vision be preserved.
April 14, 2020, 11:14:28 PM
I hear about this person for the first time, and it's pretty clear that they are out of touch with Bitcoin's community and Bitcoin's developers. None of them wants to switch to PoS, no one even discusses it. Who cares if Ethereum switches to it, Bitcoin is Bitcoin, it has tremendous security requirements because it is the leader of crypto world, and it's known that PoS doesn't have the same security properties of PoW, so Bitcoin going PoS - this is just not happening, no matter how "succesful" Ethereum's switch will look.
April 14, 2020, 11:03:23 PM
If they are looking for another reason to fork the coin for easy money, they can appear like they care about high energy consumption of BTC. They can fork it for thier POS type of coin.
Its just his wish to get rciher while just holding his coins and miners gets to shutdown. What it will do is another fork, there come a time when all the top 50 coins in CMC are prefixed with Bitcoin *******, the top 50th is the Bitcoin POS.
What makes bitcoin different from thousands of cryptocurrency on the market? It sticks with the Whitepaper and core vision of Satoshi Nakamoto.
Over time, there are upgrades for bitcoin but the core visions of Satoshi Nakamoto is remained and proof of stake will destroy his core visions. Bitcoin is the game-changer and leader and it don't have to follow any other coins' visions.
Over time, there are upgrades for bitcoin but the core visions of Satoshi Nakamoto is remained and proof of stake will destroy his core visions. Bitcoin is the game-changer and leader and it don't have to follow any other coins' visions.
Its just his wish to get rciher while just holding his coins and miners gets to shutdown. What it will do is another fork, there come a time when all the top 50 coins in CMC are prefixed with Bitcoin *******, the top 50th is the Bitcoin POS.
April 14, 2020, 09:37:36 PM
What makes bitcoin different from thousands of cryptocurrency on the market? It sticks with the Whitepaper and core vision of Satoshi Nakamoto.
Over time, there are upgrades for bitcoin but the core visions of Satoshi Nakamoto is remained and proof of stake will destroy his core visions. Bitcoin is the game-changer and leader and it don't have to follow any other coins' visions.
Over time, there are upgrades for bitcoin but the core visions of Satoshi Nakamoto is remained and proof of stake will destroy his core visions. Bitcoin is the game-changer and leader and it don't have to follow any other coins' visions.
April 14, 2020, 09:07:27 PM
They have tried to wrap bitcoin in an ethereum contract and tote it as btcx or something like this.
I dont know what came out of this proposal or if it actually happened but that does sound like a hybrid or a sort of Frankenstein experiment.
Pick your poison.
I dont know what came out of this proposal or if it actually happened but that does sound like a hybrid or a sort of Frankenstein experiment.
Pick your poison.
April 14, 2020, 08:45:57 PM
Bitcoin Suisse founder has mentioned bitcoin could possible go proof of stake some time in the future.
They are going to follow suit after seeing how ethereum's own iteration goes with casper and beacon?
https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder
I dont think it would be possible with the way bitcoin was built to not allow this since it could mess up things in some capacity since it was never intended to but to keep the network going with miners in the loop.
They are going to follow suit after seeing how ethereum's own iteration goes with casper and beacon?
https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder
I dont think it would be possible with the way bitcoin was built to not allow this since it could mess up things in some capacity since it was never intended to but to keep the network going with miners in the loop.
Bitmain
avalon/caanan
microbt
ebang
innosilicon
Would never be in favor of that.
They make a ton of gear.
POS = piece of shit
Anyone that likes POS coins without hard iron gear mining coin is (put in what you imagine)
Nothing backs a POS coin it is simply a junk bond offering cloaked in an imaginary robe called cryptocurrency the reality is if POS grows world wide then governments will attack it world wide.
I can't attack POS hard enough long enough or mean enough. No mining algorithm means it does not even belong in the same universe as crypto coins.
But that is just my opinion for what it is worth.
Eth would do well to do progpow declare it a success and build on it forever leaving the idea of POS off in the distance.
Or go hybrid which could be the best of all worlds.
Now if eth went progpow and then hybrid pos-pow maybe btc would think about a hybrid mix. Still think asic builders would really be against. it.
April 14, 2020, 08:37:16 PM
Bitcoin Suisse founder has mentioned bitcoin could possible go proof of stake some time in the future.
They are going to follow suit after seeing how ethereum's own iteration goes with casper and beacon?
https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder
I dont think it would be possible with the way bitcoin was built to not allow this since it could mess up things in some capacity since it was never intended to but to keep the network going with miners in the loop.
They are going to follow suit after seeing how ethereum's own iteration goes with casper and beacon?
https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder
I dont think it would be possible with the way bitcoin was built to not allow this since it could mess up things in some capacity since it was never intended to but to keep the network going with miners in the loop.
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