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Author Topic: Proof of stake and spiralling demand  (Read 1271 times)
ratatatat
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May 08, 2017, 10:56:22 AM
 #21

Ofcourse ethereum is going to fork. This is how you update your protocol, by hardforking. It is going to play out like  the other forks, well.

Miners knew about POS since 2014 or so, so it is not a surprise. I am a small miner myself.

POS works. And it's just not "working" but the fundamentals beneath it will make it extremely hard to attack, compared to POW bitcoin  / ethereum which requires like 40-50mil to be attacked. In POS you ll need probably over 500mil usd at this curent eth price, assuming you don't have to buy more from the market.

So eth miners are ok with their investement in hardware being made useless and worthless?
Can't imagine that.

So when eth goes pos where do all the miners go?
Ah, wait, so etc will get an even higher hashrate then?
I think when eth goes pos the best you can do is buy etc as its hashrate should rise significantly.
semaforo (OP)
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May 08, 2017, 07:31:26 PM
 #22

As I understand it will be a very gradual switch, probably that hardware can also be used for other coins.
btcforall777
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May 08, 2017, 08:57:44 PM
 #23

Tim Drapers Tezos has no cap on inflation either. This will be very interesting precedents.
Bones972
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May 09, 2017, 07:41:39 PM
 #24

By the time ETH changes to POS all my mining equipment will be paid off and I can either dump the gaming GPU's on Ebay (I am sure there will be a LARGE number of them there) or just change to other Alt Coins and pump-n-dump into either more ETH or BTC. 

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