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Author Topic: Monero to PoS?  (Read 127 times)
o48o
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February 15, 2023, 01:20:57 PM
 #21

I could see a very low change that this would come from directly from devs being considered about enviromental and scaling issues. Because i don't see any pressure coming from outside like regulators or anyone else. Monero is already in trouble for their full blanket privacy so why would they change to POW if they aren't complying with anything else. Then there's the fact that people would just keep mining Monero POW even if there would another consensus algorithm made by devs because they can't just change monero to something else without majority accepting it.

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February 16, 2023, 10:13:50 AM
 #22

With the SEC targeting exchanges for allowing staking you never know what might happen in the future with the POS hype train, the developers will be reviewing that development and hopefully will not make a bad decision on moving to POS that might make them easier for the authorities to target a privacy centric project.

The SEC can target centralized staking easily, but it's going to have a hard time doing the same with "De-Fi" staking platforms. They might try to go after developers, though. But their chances of success would be low, especially if developers of the project are anonymous. I'd say the recent actions of a US government agency would only stifle the growth of the crypto industry in the long run. They've gone against mixers, and now they're going after centralized staking. What makes you think they won't go after privacy coins too?

Monero would be better off focusing on censorship-resitance by staying a PoW coin forever. It could last a lifetime if it follows Bitcoin's footsteps. Even if developers defect to PoS, there's nothing stopping the community from rejecting changes to the code or simply creating a new hard fork that would continue PoW mining. Who knows if Monero lives alongside Bitcoin and other oldies for generations? Just my opinion Smiley

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