Bitcoin Forum
August 05, 2024, 01:18:20 PM *
News: Latest Bitcoin Core release: 27.1 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Bitcoin / Development & Technical Discussion / Re: Why exactly is Bitcoin clinging to PoW? on: May 23, 2021, 02:23:09 PM
Quote
Need I to remind you that only a few epochs back, all the nodes were being run by the foundation. This is because when you have a few central parties running the PoS nodes, it is easier to maintain the so called TPS that these networks love to flaunt. You can ensure hundred percent uptime AND avoid any propagation delays. The moment these get supposedly "decentralized", the network starts to break down. This has happened with several of these PoS coins when they tried to scale. EOS, NEO are just the two biggest examples.

You are implying that these networks failed because they were PoS-based, which is not the case, things are a bit more complicated.

Quote
It is NOT a problem. PoW is the best solution for a true base cryptocurrency.

This is your interpretation of what a cryptocurrency should be. Now, granted, this is the idea shared by many others but it remains an interpretation nonetheless.

Quote
PoS coins have never shown that they can actually succeed in real decentralization.

So far, PoW networks neither, in theory, yes, but the reality is indicating a different outcome.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!