There is no white paper because the wiki is speaking in general terms.
One example is Meni's implementation of adding proof of stake
checkpoints.... One of the key words here is adding proof
of stake, NOT replacing proof of work entirely.
If you were meaning to say that replacing proof of work entirely
with proof of stake shouldn't even be considered (rather than
being in the category of "disputed"), then I would generally
agree, as it is too huge of a change.
And by the way, this is a perfect example. Meni's idea sounds
appealing, but the core devs (and even Meni) dispute it being
implemented because they do not believe it will make bitcoin
more secure.
I think Meni had an ulterior motive for including it in the wiki. Perhaps he will remove once PoS has found its niche. |
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i was wandering in the future can bitcoin switch to proof of stake?
This is an obvious troll thread that belongs in alt coins. Bitcoin has never considered any other design. Please move this thread. Who is this bitcoin you speak of and when can we get an official statement? https://en.bitcoin.it/wiki/Prohibited_changesThere is nothing stopping you from making a hard fork. This isn't even a dispute. I don't know why the wiki says such nonsense. Good luck getting miners to switch to your fork. The wiki says adding Proof of Stake elements to the Proof of Work would be a disputed change...because it is. Why is that nonsense? Claiming something and doing something are two different things. Apparently this is the wiki author's opinion. That doesn't make it so. If someone wants to do it then they should go ahead and do it. Unless what you mean is that begging everyone to follow you is a bad idea. The begging part is in dispute. Ok fair enough, but then by the same token, we can also say that the assertion "it is nonsense" is simply your opinion too. Agree? Technically rejecting an unsubstantiated argument doesn't require evidence. You're not making sense. The wiki says this. Disputed
Adding alternatives to Proof of Work such as Proof of Stake. This could change core bitcoin too much, but with widespread agreement of some sort might be possible.
I think that's pretty accurate. You can disagree, but so far you haven't convinced me why you're right and the wiki is wrong. I concede the point because I don't understand it. Maybe someone should write a white paper on how it would be done so I have facts to deal with. |
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i was wandering in the future can bitcoin switch to proof of stake?
This is an obvious troll thread that belongs in alt coins. Bitcoin has never considered any other design. Please move this thread. Who is this bitcoin you speak of and when can we get an official statement? https://en.bitcoin.it/wiki/Prohibited_changesThere is nothing stopping you from making a hard fork. This isn't even a dispute. I don't know why the wiki says such nonsense. Good luck getting miners to switch to your fork. The wiki says adding Proof of Stake elements to the Proof of Work would be a disputed change...because it is. Why is that nonsense? Claiming something and doing something are two different things. Apparently this is the wiki author's opinion. That doesn't make it so. If someone wants to do it then they should go ahead and do it. Unless what you mean is that begging everyone to follow you is a bad idea. The begging part is in dispute. Ok fair enough, but then by the same token, we can also say that the assertion "it is nonsense" is simply your opinion too. Agree? Technically rejecting an unsubstantiated argument doesn't require evidence. |
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i was wandering in the future can bitcoin switch to proof of stake?
This is an obvious troll thread that belongs in alt coins. Bitcoin has never considered any other design. Please move this thread. Who is this bitcoin you speak of and when can we get an official statement? https://en.bitcoin.it/wiki/Prohibited_changesThere is nothing stopping you from making a hard fork. This isn't even a dispute. I don't know why the wiki says such nonsense. Good luck getting miners to switch to your fork. The wiki says adding Proof of Stake elements to the Proof of Work would be a disputed change...because it is. Why is that nonsense? Claiming something and doing something are two different things. Apparently this is the wiki author's opinion. That doesn't make it so. If someone wants to do it then they should go ahead and do it. Unless what you mean is that begging everyone to follow you is a bad idea. The begging part is in dispute. |
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Bitcoin is purely logical.
Kool Aid on sale again? Can you disprove the math? |
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There is nothing stopping you from making a hard fork. This isn't even a dispute. I don't know why the wiki says such nonsense. Good luck getting miners to switch to your fork.
Non Sequitur. Pointing out that your statement is delusional and a defensive act of Repression has nothing to do with how I feel about PoS or if it is likely Bitcoin will switch consensus mechanisms. There are plenty of developers who have considered other designs and are still considering other designs for bitcoin. This is a simple fact. I understand you will not call such a hardfork bitcoin, but you must acknowledge you are not bitcoin. i was wandering in the future can bitcoin switch to proof of stake?
This is an obvious troll thread that belongs in alt coins. Bitcoin has never considered any other design. Please move this thread. Who is this bitcoin you speak of and when can we get an official statement? p.s..... Don't read into my statements either as I am not advocating for such a fork. Bitcoin cannot change to PoS. It is impossible. Why don't you understand? Bitcoin is the collective of users. Is that concept too difficult for you? Your "official statement" is a strawman. |
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A lot of grid is wasted during off peak times. Energy is stored or sold in inefficient manners. Instead, they should use any excess energy in mining bitcoins to sell. Rather than raising electric rates, they can increase their customer base. Their price discovery will be the electricity/btc pair. They can choose which will be most profitable. Storage can then be bought by customers for their needs based on rates. This just seems more efficient than being forced to sell to only one market.
Actually, I think its more profitable and better for ASIC manufacturer as compare to power company to mine bitcoin. Power company can do other related business like selling battery. If ASIC is more profitable for ASIC manufacturer, then power company can become ASIC manufacturer instead of battery. Not all the extra-energy is stored in batteries. Do you know about Pumped storage hydroelectricity? (and it's only an example). Bitcoin is not profitable for the electricity companies.
Bye!
That's only a tiny percent of electricity produced. |
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i was wandering in the future can bitcoin switch to proof of stake?
This is an obvious troll thread that belongs in alt coins. Bitcoin has never considered any other design. Please move this thread. Who is this bitcoin you speak of and when can we get an official statement? https://en.bitcoin.it/wiki/Prohibited_changesThere is nothing stopping you from making a hard fork. This isn't even a dispute. I don't know why the wiki says such nonsense. Good luck getting miners to switch to your fork. |
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Shopping centers are out of stock of many things I want. Oh my gods! They are gone forever! This time of year is when I used to like to go on warm weather vacations except now I live there. My point is, this is only a cycle thing. I didn't expect it to go this low, but I'm not too surprised.
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Elon Musk isn't desperate like Apple for new ideas.
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We need a bearwhale to get below 300.
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Bitcoin is purely logical. That's why it's survived global assault from every nation for almost six years. Yes. It's that good. Ignorance loses.
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Who actually pegs the transaction? With many different versions of the blockchain, how do you reach consensus without an actual bitcoin transaction?
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Apparently Bloomberg is okay with N. Korea, Cuba, Iran, and ISIS money.
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The best posters and mods left. A list en memoriam might be more interesting.
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Battery storage suck. We don't even have decent electric cars. Why should power companies buy expensive wasteful batteries?
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This would be super cool to give people a choice. Then they could save the babies, puppies, and rainbows!
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i was wandering in the future can bitcoin switch to proof of stake?
This is an obvious troll thread that belongs in alt coins. Bitcoin has never considered any other design. Please move this thread. |
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Everyone that sold for tax purposes has sold. Buying for the new tax season starts in about 40 hours.
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Instead of Dollars -> Mining rig -> Cryptocoins PoS offers Obviously this part is too technical to some people here though it tells a simple truth. Logic flow: Dollars -> aerospace engineering research -> intergalactic travel therefor dollars -> intergalactic travel who needs rocket scientists, right?  |
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