Reckless or Doable? Bitcoin Algorithm Change Sparks Backlash
POW ALGORITHM CHANGE: ‘DOABLE’ OR ‘RECKLESS’?
A flurry of social media activity Monday accompanied confusion as to which parties from Bitcoin Core supported the concept, which would place mining back in the hands of small-scale individuals.
“A soft fork change of Bitcoin’s proof of work algorithm is entirely doable,” Bittorrent creator Bram Cohen tweeted introducing a post he wrote on the topic.
An admonishment came in the form of noting the use of “many PoWs” would be a “bad idea that generally gets the worst of everything rather than the best.”
VOORHEES: ‘IT’S NOT LEGIT’
Cohen’s comments contrast strongly with those of ShapeShift CEO Erik Voorhees, who called the idea of altering PoW “the most absurd and reckless thing I’ve heard in the scaling debate.”
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