Author

Topic: Bitcoin switch to PoS - - what would U do? (Read 498 times)

legendary
Activity: 1204
Merit: 1028
June 26, 2016, 01:33:40 PM
#7
I would sell... PoS has been proven weak in every coin that has adopted it. But Core devs know PoS is shit so they will never change from PoW. I doubt we will ever see a better solution than PoW to keep a blockchain working in a way that's as solid as possible.
legendary
Activity: 1862
Merit: 1004
i would support it. the amount of electricity going to mining is just not healthy.
Believe me, people will find a way to waste even more energy on something else instead. That is not an issue IMO.
To support it I would like to see detailed explanation and summary of pros and cons of both options. So far I am happy with bitcoin PoW.
newbie
Activity: 43
Merit: 0
On one hand, I would support this, but I'm not entirely sure right now.
sr. member
Activity: 259
Merit: 250
i would support it. the amount of electricity going to mining is just not healthy.
legendary
Activity: 2058
Merit: 1030
I'm looking for free spin.
Well it depends how much stake daily that you can make with bitcoin. if you are just invest your money and buy 10 btc just hope that you can earn in staking even 0.01 daily is a good thing.. but if you are just earning few cents..  i think its not a good i dea to invest money in bitcoin.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
Well let's say the nifty Bitcoin core guys would suddenly abandon Proof-of-Work, say good bye to all the miners and fork Bitcoin to Proof of Stake,



would u support this?


or would u run away and stop supporting Bitcoin?


~CfA~

Proof of Stake is completely a different algorithm.  The coins are increased by staking over the time and are not produced by mining. The concept is cool but bitcoin cant adopt it because its different in structure. CBX is one of the best ALtcoin which is based on PosP.
hero member
Activity: 700
Merit: 520
Well let's say the nifty Bitcoin core guys would suddenly abandon Proof-of-Work, say good bye to all the miners and fork Bitcoin to Proof of Stake,



would u support this?


or would u run away and stop supporting Bitcoin?


~CfA~
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