Since when are they not changing to PoS???

Last time I checked, that was their plan with the only resistance possibly being Szabo.  In terms of imploding Eth, staying on PoW would be just as detrimental since they issued an IPO for the entire coin supply.  It's a disaster no matter what path they take.  Investors would flip out if they make an announcement saying they're going to be hyperinflating and leaking mined coins forever.  Vitalik would be the new Bernanke of crypto:

Ethereum scammers are in full desperation mode now.  Nobody is buying their Eth pump so they keep doing orchestrated BTC dumps to temporarily lower BTC price, make believing that will make people want Eth instead but there are just no willing buyers of that scamcoin.

No response from the people shilling for this thing that by their own admissions, it wouldn't be useful until 2-3 years from now? (but the solution they claim doesn't even work/exist)

The original Bitcoin founders said that your interpretation was "proof of steaks".

If Ethereum stayed on PoW, the coin would be considered a failure since they issued an IPO for the money supply.  The price would crater once they announced they'd be leaking mined coins forever after suckers investors bought all the coins vitalik created out of thin air.

Well, it seems the above poster agrees with me about Eth, but then goes onto a made up conspiracy afterwards.  I don't have an agenda besides being able to use cryptocurrency as a store of value instead of banks, meaning I only care about things that have actual fundamentals instead of mindless pump and dumps for eternity.  My only interest in Bitshares was in the past when I realized Satoshi didn't solve Byzantine generals and I thought some type of workaround would be required to make cryptocurrency function in lieu of that as I discussed in this thread I made titled "Satoshi didn't solve the Byzantine generals problem":

https://bitcointalk.org/index.php?topic=1183043

Bitshares had a built-in process for auditing block validators to deal with this deficiency, so it seemed like something that might have promise.  I did not have as much of a comprehensive understanding of cryptocurrency as I do now and made a mistake in thinking proof of stake might have promise, as tons of people do all the way from Gavin Andresen to Vitalik to shady Russians like Come from Beyond.  Even Anonymint has attempted to tinker with DPoS to make it work.

As for now, I know that nobody has really done anything to actually address the Byzantine generals problem, which Anonymint and I agree is likely unsolvable in cryptocurrency (probably Fuserleer too in relation to CAP theorem), and this is my current standing to relevant cryptocurrency methods:


p.s - the quote from "bl234st" in your original thread is likely the lunatic known as "nogano", a child that sells marijuana seeds on the internet that I have the constant misfortune of running into.

Looks like the Ethereum price got just a tad bit ahead of actual value.


http://www.marketwatch.com/story/this-bitcoins-challenger-is-up-1100-this-year-but-is-it-ready-for-prime-time-2016-05-18

So much for Bitcoin "scalepocalypse".  Ethereum isn't even a permissionless or decentralized network in the first place while using PoS, but even if they try to trick people into thinking they are, they're now saying a scaling solution (which doesn't exist) will take 2-3 years.

My estimate for what capacity Bitcoin needs to act as a checkbook type device for large value transactions with market penetration in middle/upper middle class first world nations is around 8 MB blocks.  After Segwit + the 2017 hard fork, Bitcoin will have around half of that, but it will also have payment channels due to segwit.  3-4 MB blocks + payment channels will likely give far more capacity than just plain 8 MB blocks, so Bitcoin will already be good enough to do it's job as a worldwide currency.

A reddit submission by some guy that holds 10 eth.

The Stoat spam has decreased a lot after that Eth double top and beginning of dump.

Globalization makes the overpopulation problem of one country turn into everyone's problem as they use global labor arbitrage to reduce your standard of living.  If you want China to not be the marginal cost king and plummet your own standard of living, you would both need to use the same currency so they can't devalue to increase exports as a first step.  

Then the next step is entirely ideological based.  If you're a crazed anarchist, you would believe in free trade.  If you're a nationalist that believes in some form of govt, you would likely issue tariffs to prevent the manufacturing base of your country from being gutted since the one thing every 3rd world nation has in common is no manufacturing base.

I view Russians more as vodka salesmen comedians that really like Adidas tracksuits than any type of "phobia".

The only answer is tariffs or war, pick one.

I've already addressed the bullshit "china syndrome" posts before:

Besides Eth's other issues, just wrote a post on that subject that's relevant to all proof of stake systems: