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Author Topic: Btc techology developement questions  (Read 90 times)
Fullbear2222 (OP)
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May 09, 2024, 06:23:52 AM
 #1

When proof of stake when lighting network when improved transactions speed and scability
When Will be full pos impemeted?
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May 09, 2024, 06:27:51 AM
 #2

Proof of stake will not be implemented on Bitcoin. It's not even being remotely considered. PoW is a superior technology.

We already have lightening networks and wallets that now make it easier to open a channel, this already offers some scalability.

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May 09, 2024, 06:38:09 AM
 #3

When proof of stake when lighting network when improved transactions speed and scability
When Will be full pos impemeted?
You need to do research and know that many Proof of Stake, Masternodes, Supernodes (many other names for their nodes) are very inflationary and centralized.

Bitcoin community need a decentralized network, not a centralized one.

If you only care about price, as said, Proof of Stake causes inflation which is not good for price.

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Fullbear2222 (OP)
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May 09, 2024, 07:43:32 AM
 #4

When proof of stake when lighting network when improved transactions speed and scability
When Will be full pos impemeted?
You need to do research and know that many Proof of Stake, Masternodes, Supernodes (many other names for their nodes) are very inflationary and centralized.

Bitcoin community need a decentralized network, not a centralized one.

If you only care about price, as said, Proof of Stake causes inflation which is not good for price.


U telling me that btc is fully depended of miners ?
It's like the bank who mint money by mining banks are at least goverment regulated but btc network is not.
So you tell that If no miners no btc ?
So i invest today 100k in btc it's not small money and tommorow i get message no miners so i just lost my 100k
that's why Im asking about POS not just relied of mining.
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May 09, 2024, 07:49:50 AM
Last edit: May 09, 2024, 08:12:35 AM by Ambatman
 #5

When proof of stake when lighting network when improved transactions speed and scability
When Will be full pos impemeted?
You need to do research and know that many Proof of Stake, Masternodes, Supernodes (many other names for their nodes) are very inflationary and centralized.

Bitcoin community need a decentralized network, not a centralized one.

If you only care about price, as said, Proof of Stake causes inflation which is not good for price.


U telling me that btc is fully depended of miners ?
It's like the bank who mint money by mining banks are at least goverment regulated but btc network is not.
So you tell that If no miners no btc ?
So i invest today 100k in btc it's not small money and tommorow i get message no miners so i just lost my 100k
that's why Im asking about POS not just relied of mining.
Please it would be nice if you edited your original topic
I couldn't understand what you were saying.
Not fully but miners plays a key role in maintaining its security and functionality so it's quite important in Bitcoin.
POS is centralized
Bitcoin was created as a decentralized method of exchange so if POS gets implemented rather than POW then it would seize been 'Bitcoin'
I'm not saying POW is perfect or without flaws but currently is one of the best that meets the needs of individuals interested in decentralization.
Yes you would loss some portion of your money due to panic sell
Iyou bought as an investment and investments have their own risk
And miners stopping is one of the risk of Bitcoin but the  probability of this happening is lower than the network of a blockchain using POS getting controlled by a central unit.
There are better consensus and POS is not an option in BTC
One of the things that makes Bitcoin stand out is decentralization and security and POS can't really provide such.

On the scalabilty, POS could help but I don't see by how much considering the fee of ETH currently
There are projects ongoing to improve on the scalabilty of Bitcoin
Though the adoption of LN has been quite poor and isn't that practical in huge transactions it serve as a sign that we can do better
A solution for scalabilty is not quite far.

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May 09, 2024, 08:28:22 AM
 #6

Do you know that Bitcoin is fully decentralized?

Do you know that the reason why Bitcoin is decentralized certified is the PoW algorithm?

Even if China and the US decide to stop mining Bitcoin one way or the other, we in Africa will keep mining Bitcoin, that is decentralization, the uncontrollable effect.

The mining hashrate on the Bitcoin network is scattered around the world, to control Bitcoin you need to gather all the hashrate in one place and do some attack, that is even an attack, not full control, Bitcoin is freedom, power to the people in its own fashion.

OP, you have a lot of readings to do, start doing your own research about Bitcoin so that you will understand the advantage that Bitcoin have for you and I.

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May 09, 2024, 09:59:52 AM
 #7

U telling me that btc is fully depended of miners ?
It's like the bank who mint money by mining banks are at least goverment regulated but btc network is not.
So you tell that If no miners no btc ?
So i invest today 100k in btc it's not small money and tommorow i get message no miners so i just lost my 100k
that's why Im asking about POS not just relied of mining.
Bitcoin network is designed to incentivize miners to continue mining. As long as there are transactions to be processed and new bitcoins to be minted, there will likely be miners willing to do the work.

Currently, Bitcoin does not have plans to switch to Proof of Stake. The ethos of Bitcoin’s design leans towards security and decentralization, and many in the Bitcoin community believe that PoW, despite its flaws, still offers the best balance of these properties.

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May 09, 2024, 11:15:12 AM
 #8

Luckily, we will never have PoS, I advice you to keep researching on Bitcoin

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May 09, 2024, 11:23:49 AM
 #9

When proof of stake

Probably never.

when lighting network

It's already here and you can use it. Although it's still tricky to find service or merchant which accept Bitcoin on LN.

when improved transactions speed and scability

It depends on your definition of scalability and transaction speed.

When Will be full pos impemeted?

PoS (Proof of Stake)? probably never.

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May 09, 2024, 05:51:03 PM
 #10

When proof of stake when lighting network when improved transactions speed and scability
When Will be full pos impemeted?

I don't know if you're getting it all wrong about the difference between PoW and PoS or you're the one that don't have an idea on them and how the bitcoin network uses PoW and not PoS, in case of future reference, know this that bitcoin cannot be regarded as f proof of stake, also, all you have mentioned are developments in which we have already achieved with the use of the lighting network.

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