Is PoS the future of Bitcoin mining? - page 4.

crazyivan

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Quote from: jonald_fyookball on May 06, 2015, 11:39:52 PM

uhhhh.....no.

There are several reasons why this would be problematic
and I don't think that would solve the blockchain size
issue anyway.

I m not trying to solve the issue. These are two separate issues. I m trying to discuss a way how BTC can evolve in the future. I remember Charles Lee saying LTC does not need any gimmicks and it s fine as it is. IT IS NOT, look at the price now. These fancy gimmick attract people and increase profitability. IMO, BTC needs to bring in new stuff in the future, look at the banks and other money transmitters, they introduce new offers constantly. In order to remain profitable and interesting for new users, the product needs to improve and innovate, constantly.

We have not had anything new since day 1.

I do not want to see BTC becoming number 2, ever. Having largest acceptance s not going to work forever.

Ingatqhvq

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Quote from: crazyivan on May 06, 2015, 11:25:00 PM

Hey there guys,

I see a lot of people and BTC devs talk about the size of BTC blockchain as one of the main issues to be solved in the future. What about adding PoS to BTC?

Since mining difficulty is going to go up more and more, only large miners with access to cheap electricity and a lot of capital will stay in the game.

With PoS, even small miners would be able to stay in the game and benefit from holding BTC. I agree, holding BTC does not help crypto adoption and does not bring new retailers but it might bring back profitability into the game which is one of the main reasons people would accept and invest into Bitcoin.

I m not talking about high PoS, something moderate 3% a year, max.

I ve personally invested into a lot of PoW and PoS coins, DMD Diamond is my favorite, and I would like to see BTC getting some shiny new traits as well. After all, in tech world, it is all about constant innovation.

This is impossible.
Question, who paid the 3% a year?
The answer is nobody, it like something fall the sky, or a perpetual motion machine.
And this is the reason why pos coins such like ppc and BC will die.
If use this mode of pos, the total of bitcoin is infinite. This is unaccepted.

jonald_fyookball

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Core dev leaves me neg feedback #abuse #political

uhhhh.....no.

There are several reasons why this would be problematic
and I don't think that would solve the blockchain size
issue anyway.

Lauda

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Terminated.

No. Stop trying to compare Bitcoin to shitcoins.
Changing such a thing would ruin Bitcoin completely. No miner would ever agree to that.

crazyivan

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Hey there guys,

I see a lot of people and BTC devs talk about the size of BTC blockchain as one of the main issues to be solved in the future. What about adding PoS to BTC so it becomes both PoW and PoS coin?

Since mining difficulty is going to go up more and more, only large miners with access to cheap electricity and a lot of capital will stay in the game.

With PoS, even small miners would be able to stay in the game and benefit from holding BTC. I agree, holding BTC does not help crypto adoption and does not bring new retailers but it might bring back profitability into the game which is one of the main reasons people would accept and invest into Bitcoin.

I m not talking about high PoS, something moderate 3% a year, max.

I ve personally invested into a lot of PoW and PoS coins, DMD Diamond is my favorite, and I would like to see BTC getting some shiny new traits as well. After all, in tech world, it is all about constant innovation.

Topic: Is PoS the future of Bitcoin mining? - page 4. (Read 2721 times)