The existence of ETC is a major reason why ETH really can't go POS; not that I think it was likely in the first place.
This two statements are intriguing, especially connection between ETH not being able to go POS because of ETC staying POW.
Could you elaborate?
ETH going POS would be like Coke deciding they will no longer produce Coca-Cola Classic, but will only sell Coke zero.
In the future you will get 100:1 chance to get Coke Zero when buying Classic!
https://github.com/ethereum/research/wiki/Casper-Version-1-Implementation-GuideTheir bullshit has its own bullshit.
Called this over a year ago; took 6 months longer than I expected.
The closer you look at ETH; the more questions you will have.
The best thing ETH has going for it is that most people will never read the whitepaper or review any of the code.
I'm betting in 6 months there will be a nerf announcement; which drastically reduces what ETH will actually do.
So with POS essentially being out of the door, the question of Ice Age remains.
As I understand it, its main purpose is to prevent the necessity of another hard-fork.
But this article
https://btcmanager.com/ethereum-ice-age-approaches-community-vote-on-mining-reward-cut/states
The Ethereum ice age is a mining difficulty adjustment scheme that was created to incentivize miners to switch to the new PoS blockchain. Once the fork is executed, the mining difficulty rises exponentially to a point where it would be impossible for miners to keep up with the difficulty increase that would hike block time and make the blockchain effectively freeze.
So, with POS being postponed (indefinitely?), how will Ehereum deal with bloated blockchain now? Another hardfork is imminent. But it leads to the question of increased difficulty.
In context that is also relevant to our interests, there is also the issue of proposal to reduce the mining rewards in an effort to boost ETH prices.
https://github.com/ethereum/EIPs/issues/186But that proposal was written when ETH was worth less then a dollar.
With current high prices of ETH, the incentive to reduce the rewards diminishes.
So with all this in mind, I am totally confused still. So much smoke and mirrors.
POS coming and not coming at the same time, increased difficulty on current blockchain to force move to a new blockchain, reduced mining rewards, you name it, ETH has it all!
Please somebody tell me whether I am to go forth and build another (Vega?) rig.
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