Bitcoin Forum
December 12, 2017, 09:08:44 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Proof of Stake Catching On!  (Read 548 times)
DoogieHouser
Full Member
***
Offline Offline

Activity: 136


Bitcoin Enthusiast


View Profile
May 29, 2014, 01:03:23 AM
 #1

Bitcoin-script to vote on changing from Proof of Work to Proof of Stake...

https://cryptocointalk.com/topic/11079-proposed-block-chain-vote-to-switch-bitcoin-scrypt-from-proof-of-work-to-pure-proof-of-stake/


--Doogie
1513069724
Hero Member
*
Offline Offline

Posts: 1513069724

View Profile Personal Message (Offline)

Ignore
1513069724
Reply with quote  #2

1513069724
Report to moderator
1513069724
Hero Member
*
Offline Offline

Posts: 1513069724

View Profile Personal Message (Offline)

Ignore
1513069724
Reply with quote  #2

1513069724
Report to moderator
1513069724
Hero Member
*
Offline Offline

Posts: 1513069724

View Profile Personal Message (Offline)

Ignore
1513069724
Reply with quote  #2

1513069724
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513069724
Hero Member
*
Offline Offline

Posts: 1513069724

View Profile Personal Message (Offline)

Ignore
1513069724
Reply with quote  #2

1513069724
Report to moderator
1513069724
Hero Member
*
Offline Offline

Posts: 1513069724

View Profile Personal Message (Offline)

Ignore
1513069724
Reply with quote  #2

1513069724
Report to moderator
1513069724
Hero Member
*
Offline Offline

Posts: 1513069724

View Profile Personal Message (Offline)

Ignore
1513069724
Reply with quote  #2

1513069724
Report to moderator
TheRealSteve
Hero Member
*****
Offline Offline

Activity: 686

FUN > ROI


View Profile
May 29, 2014, 01:22:17 AM
 #2

Not about Bitcoin, but about Bitcoin-Scrypt, an altcoin.

lilfiend
Member
**
Offline Offline

Activity: 98


View Profile
May 29, 2014, 01:52:35 PM
 #3

If there ever was a hard fork of BTC I hope they'd include a POS system, but hard forks seem to only be done out of necessity these days.

[Insert E-peen here]
DoogieHouser
Full Member
***
Offline Offline

Activity: 136


Bitcoin Enthusiast


View Profile
May 30, 2014, 12:15:47 PM
 #4

If there ever was a hard fork of BTC I hope they'd include a POS system, but hard forks seem to only be done out of necessity these days.

I've been reading up on it... Some of the altcoins start as POW, then slowly switch to POS as more coins are mined. Then there's NXT, that is pure POS. Somebody's got to give you some coins before you can start mining or "forging" as NXTers call it.

The Bitcoin community seems unaware or apathetic to the impact that ASIC centralization has had. It has re-created the "1% vs. 99%" scenario...

--Doogie
TheRealSteve
Hero Member
*****
Offline Offline

Activity: 686

FUN > ROI


View Profile
May 30, 2014, 12:48:06 PM
 #5

The Bitcoin community seems unaware or apathetic to the impact that ASIC centralization has had. It has re-created the "1% vs. 99%" scenario...
Mostly apathetic, I suppose - especially when people start referring to ASICs as they are just a symptom, not a cause.  If it's the 1% who can afford high-end ASICs, then it's the same 1% who can afford a warehouse full of GPUs as long as it's profitable to do so.  Bitcoin (and other pure proof-of-work coins) is what it is, and it's unlikely to change any time soon.

But hey, that's what altcoins are for, right? Smiley

P.S. the links in your sig are all-but-one broken - stray character creeping into your URL tags

Amph
Legendary
*
Offline Offline

Activity: 1722



View Profile
May 30, 2014, 01:14:09 PM
 #6

If there ever was a hard fork of BTC I hope they'd include a POS system, but hard forks seem to only be done out of necessity these days.

not gonna happen forks are for joke coins, bitcoin isn't one of them
DoogieHouser
Full Member
***
Offline Offline

Activity: 136


Bitcoin Enthusiast


View Profile
May 30, 2014, 04:10:06 PM
 #7

The Bitcoin community seems unaware or apathetic to the impact that ASIC centralization has had. It has re-created the "1% vs. 99%" scenario...
Mostly apathetic, I suppose - especially when people start referring to ASICs as they are just a symptom, not a cause.  If it's the 1% who can afford high-end ASICs, then it's the same 1% who can afford a warehouse full of GPUs as long as it's profitable to do so.  Bitcoin (and other pure proof-of-work coins) is what it is, and it's unlikely to change any time soon.

But hey, that's what altcoins are for, right? Smiley

P.S. the links in your sig are all-but-one broken - stray character creeping into your URL tags

It's too bad about Bitcoin, but there are something like 200+ altcoins, now. And Bitcoin-scrypt is trying to save Bitcoin from ASICs...

(Sig links are fixed - Darn quotes! - Thanks!)
If there ever was a hard fork of BTC I hope they'd include a POS system, but hard forks seem to only be done out of necessity these days.

not gonna happen forks are for joke coins, bitcoin isn't one of them

Not sure about that--Bitcoin was already forked, last year (or was it 2012?)

--Doogie
atc1
Sr. Member
****
Offline Offline

Activity: 308


View Profile
May 30, 2014, 04:34:59 PM
 #8

PoS is getting a little annoying now. Every other coin seems to have it. Just because you feel that mining is not going to work out doesn't mean you put a short PoW period. That just exacerbates the problem, where once it hits exchanges,it'll be dumped rapidly,and will essentially end up being a pump'n'dump coin with a short lifespan.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!