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Author Topic: POS for BTC? ;)  (Read 1776 times)
Cryptotraider16
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December 14, 2016, 08:46:22 PM
 #1

guys what is BTC have POS? what you think may happen..Wink?
like 2-5% a year..Wink

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December 15, 2016, 02:27:00 AM
 #2

you mean "what if bitcoin had pos", right?
i'm sure most users will hate that, but i think it would be good. perhaps that is what is needed to end the chinese "centralization".

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December 15, 2016, 02:37:08 AM
 #3

That is probably the dumbest idea I have ever heard of. Plus the second poster saying that it will be good because it will end Chinese "centralization" deserves to be banned just by suggesting it. Have you not learned anything by reading and hanging around in the forum?

But of course this is a troll thread right?


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December 15, 2016, 02:38:30 AM
 #4

only someone who wants BTC to fail miserably would propose this.
POS is a shit sham.

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December 15, 2016, 02:43:00 AM
 #5

its the penny pinchers that dont want to put any effort in and want free handouts and not caring for security who propose POS

the silly thing is that even if bitcoin went over to POS (destroying security) wont actually spread the wealth.
the rich will get richer and the poor wont get anything. so it helps no one.

those that think POS is good are ones that have used crapcoins where there are only a couple dozen->hundred users and so those users see some income due to lack of activity/competition/choice.. yet on a scale of bitcoin they wont see an income.

we should not change bitcoins mechanism unless it provides MORE security
we should not change bitcoins mechanism for the fake dream of spreading wealth

security should be paramount

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December 15, 2016, 03:04:52 AM
 #6

What's POS? Piece of shit? Proof of shit?

Explain.


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December 15, 2016, 03:11:39 AM
 #7

What's POS? Piece of shit? Proof of shit?

Explain.




He obviously meant Proof of Stake. It's an utterly bad idea, here's a nice pdf explaining why: https://download.wpsoftware.net/bitcoin/pos.pdf

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December 15, 2016, 03:17:44 AM
 #8

POS is a bad idea for Bitcoin. The ASICs designed just for SHA256 would render farms useless since alt coins don't really have much value. Even though arguably, POS is better for the environment, it is susceptible to monopoly by larger corporations. Companies who own many Bitcoins would be able to generate more of them and get even richer. Governments can easily control Bitcoin.

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December 15, 2016, 03:40:47 AM
 #9

guys what is BTC have POS? what you think may happen..Wink?
like 2-5% a year..Wink
Bitcoin doesn't need to be POS, few of the altcoins which can't deliver more than what other alts already have try to lure users with annual interest in the form of POS.

Proof of stake = Proof of shit

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December 15, 2016, 03:54:12 AM
 #10

That is probably the dumbest idea I have ever hear of. Plus the second poster saying that it will be good because it will end Chinese "centralization" deserves to be banned just by suggesting it. Have you not learned anything by reading and hanging around in the forum? But of course this is a troll thread right?

I am wishing it is just another troll because the idea can be dumb as what some here are suggesting it is. However, this is posted by a Senior Member and the first reply is coming from a member with a good ranking. I hope they scan their brains first lol...anyway am just joking and has no intention to be mean to anybody here. Let's just laugh and be happy all here.
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December 15, 2016, 04:16:12 AM
 #11

What's POS? Piece of shit? Proof of shit?

Explain.

there is nothing to explain, he is advertising his scamcoin called leo by creating these types of nonsense topics all around the forum.

also i am wondering why nobody out of these comments thought of Point of Sale https://en.wikipedia.org/wiki/Point_of_sale Cheesy

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December 15, 2016, 04:23:55 AM
 #12

guys what is BTC have POS? what you think may happen..Wink?
like 2-5% a year..Wink

Proof of Stake might work but 50% attack for POS is much easier then Proof of Work and hard fork BTC is a no no. So, better to just make another coin call it BTC-POS .

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December 15, 2016, 04:28:19 AM
 #13

guys what is BTC have POS? what you think may happen..Wink?
like 2-5% a year..Wink
If Bitcoin switched to proof of stake the value would increase considerably, however a lot of miners would be pissed with that move and there would be a huge backlash from the community.

As for the stake interest rate, it would maybe, at best be something like 0.9%. There is no way it should even be THAT high, and it would likely be much, much lower than that.
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December 15, 2016, 05:56:09 AM
 #14

POS - point of sale is already contained in Bitcoin as long as you don't try to convert to fiat, and you trust that the transaction will be confirmed.

POS - proof of stake can't really be used imho until all the coins are mined.

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December 15, 2016, 05:59:22 AM
 #15

you mean "what if bitcoin had pos", right?
i'm sure most users will hate that, but i think it would be good. perhaps that is what is needed to end the chinese "centralization".

Yes ,i mean that...Wink

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December 15, 2016, 06:03:32 AM
 #16

Thanks to all replays...as i see ansver is NO,LOL no proff of stake for BTC,its bad idea..Wink

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December 15, 2016, 06:48:59 AM
 #17

What's POS? Piece of shit? Proof of shit?

Explain.

there is nothing to explain, he is advertising his scamcoin called leo by creating these types of nonsense topics all around the forum.

also i am wondering why nobody out of these comments thought of Point of Sale https://en.wikipedia.org/wiki/Point_of_sale Cheesy


LOL that's the first thing I thought of when I saw POS. I thought, doesn't bitpay install those for businesses?

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December 15, 2016, 07:42:15 AM
 #18

That would lead to centralisation of the network. those having bags of Bitcoin will be the beneficiary of this move, Bitcoin will never go that route

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December 15, 2016, 07:48:47 AM
 #19

This is definitely a very bad idea and second since that thrash button. What's wrong with op here and that person who comes and says it's a good idea. Why are you trying to lure the newbie into making a bad decision. Thankfully there are yet many aware members who take time to explain it, the Pdf is really good. Op don't suggest such dumb ideas, help the community grow not plan to destroy it. And lock the thread since you got your answer.

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CraigWrightBTC
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December 15, 2016, 07:49:40 AM
 #20

guys what is BTC have POS? what you think may happen..Wink?
like 2-5% a year..Wink
Bitcoin will there is no values the price will going down comunity of bitcoins will move on the coins that has fair developers, or all of cryptos coins will dead forever.
Bitcoin become really famous because of there are no people who control it, it be builded by comunity.
The altcoins that were die right now because of there is POS.
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