The main problem here is still PoW mining:
* centralized in the hand of a couple rich mining farm owner
* centralized in one location, China
* any change to Bitcoin must be authorized by these couple of large farm owners
* they fear large block size due to slow Internet in China
* massive waste in hardware and electricity, money that could have been invested in Bitcoin itself.
Proof of Stake minting would have resolved all of these issues. PoS is "buy Bitcoin to mine", vs PoW "sell Bitcoin and buy more hardware/electricity to mine".
Even if Bitcoin decide to keep PoW. For god sakes, go with FASTER BLOCKS, instead of larger blocks. I don't understand why larger blocks? faster blocks is clearly superior, and PoW miners in China would prefer small blocksize.
Topic: Mike Hearns is not wrong about the PoW mining (Read 305 times)
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