Do you think Bitcoin should modify to POW + POS ? █████ Poll █████

[jonald_fyookball]

if there was a proposal out here that security experts agreed was viable, sure.  But so far there isn't one.

[Daedelus]

if there was a proposal out here that security experts agreed was viable, sure.  But so far there isn't one.

lol 

[kokojie]

This poll is flawed anyway, since all the PoW miners would come and vote NO.

The poll should be conducted by only allowing Bitcoin stakeholders to vote, and weighted by the amount of their Bitcoin holding.

[Flashman]

The poll should be conducted by only allowing Bitcoin stakeholders to vote, and weighted by the amount of their Bitcoin holding.

Let's do it, Bitminter has about 2K in their pool wallet, as does DiscusFish... all Satoshi's coins were mined not bought so that's another million on our side...

[VectorChief]

By protecting the system from enemy outside PoS coins give too much freedom to enemy within.
PoW allows those two enemies fight each other on the open stage, thus balance between freedom and security is achieved. PoW+PoS is a slippery slope, as people are easily tricked into selling one for another.

https://www.youtube.com/watch?v=_1xXYeNrW9k

[fenican]

POW is fine. The energy required to maintain the Bitcoin network is fairly trivial and energy is a competed market. If Bitcoin disappeared, electricity producers would compensate for any decrease in demand by lowering prices to a level that spurs people to keep their lights on a bit longer.

There would be no net benefit to the environment if Bitcoin disappeared tomorrow. It might actually harm the environment since more people would use bank notes produced from felled trees rather than electricity produced from Nuclear sources.

[jonald_fyookball]

POW is fine. The energy required to maintain the Bitcoin network is fairly trivial and energy is a competed market. If Bitcoin disappeared, electricity producers would compensate for any decrease in demand by lowering prices to a level that spurs people to keep their lights on a bit longer.

There would be no net benefit to the environment if Bitcoin disappeared tomorrow. It might actually harm the environment since more people would use bank notes produced from felled trees rather than electricity produced from Nuclear sources.

Agreed.  the benefit to introducing any POS element would be security, not environmentalism.

[Daedelus]

POW is fine. The energy required to maintain the Bitcoin network is fairly trivial and energy is a competed market. If Bitcoin disappeared, electricity producers would compensate for any decrease in demand by lowering prices to a level that spurs people to keep their lights on a bit longer.

There would be no net benefit to the environment if Bitcoin disappeared tomorrow. It might actually harm the environment since more people would use bank notes produced from felled trees rather than electricity produced from Nuclear sources.

Agreed.  the benefit to introducing any POS element would be security, not environmentalism.

So you would be happy if you could have both?

[jonald_fyookball]

POW is fine. The energy required to maintain the Bitcoin network is fairly trivial and energy is a competed market. If Bitcoin disappeared, electricity producers would compensate for any decrease in demand by lowering prices to a level that spurs people to keep their lights on a bit longer.

There would be no net benefit to the environment if Bitcoin disappeared tomorrow. It might actually harm the environment since more people would use bank notes produced from felled trees rather than electricity produced from Nuclear sources.

Agreed.  the benefit to introducing any POS element would be security, not environmentalism.

So you would be happy if you could have both?

both what?

[Daedelus]

Security and environmentalism.

[jonald_fyookball]

Security and environmentalism.

no, I am not overly concerned with environmentalism, and don't believe there is much threat from consuming electricity.

[Daedelus]

Interesting.

[saddampbuh]

please add an option for pos only, pos + pow together is pointless, a token amount of interest is not an incentive to hold coins while mining is still creating 10% or whatever annual inflation

[amincd]

NO. PoW is compact. It's the most decentralized consensus protocol. PoW mining is embarrassingly parallel and potentially very anonymous, and that's what's needed to create a decentralized global consensus.

[Flashman]

Security and environmentalism.

no, I am not overly concerned with environmentalism, and don't believe there is much threat from consuming electricity.

Yup, if sucking juice is much threat, enviro-extremists need to start firebombing all those assholes with plug-in hybrids.

Fact is, anything that you turn on and off, especially at specific times of the day, sponsors fossil fuel power plants, because those are the ones that can most respond to sudden load increases and drops, utilities commonly have to fire up and idle gas and coal plants for such events as earth hour, and superbowl commercial breaks, so they can rev them up to full power the instant all the sheeple do the same thing at once, like turn the lights back on or make popcorn/hot drink.

The corollary of that is that anything that provides a steady constant load sponsors clean, efficient generation. Oddly enough, the sources that like just to put out a steady stream of power are things like hydroelectric projects, which oddly enough are the very cheapest sources of electricity, which oddly enough seem to be attracting bitcoin mining facilities to places like Washington State and Quebec where they have a lot of that stuff.

[crypt0xx]

Such as REDD coin? I believe it modified from pow to pos

[Daedelus]

Security and environmentalism.

no, I am not overly concerned with environmentalism, and don't believe there is much threat from consuming electricity.

Yup, if sucking juice is much threat, enviro-extremists need to start firebombing all those assholes with plug-in hybrids.

Fact is, anything that you turn on and off, especially at specific times of the day, sponsors fossil fuel power plants, because those are the ones that can most respond to sudden load increases and drops, utilities commonly have to fire up and idle gas and coal plants for such events as earth hour, and superbowl commercial breaks, so they can rev them up to full power the instant all the sheeple do the same thing at once, like turn the lights back on or make popcorn/hot drink.

The corollary of that is that anything that provides a steady constant load sponsors clean, efficient generation. Oddly enough, the sources that like just to put out a steady stream of power are things like hydroelectric projects, which oddly enough are the very cheapest sources of electricity, which oddly enough seem to be attracting bitcoin mining facilities to places like Washington State and Quebec where they have a lot of that stuff.

I think he is serious...

[fran2k]

Hard Fork with DPoS.

Then we will have 25x6x24x30 = 108k BTC / month

or 28 MUSD a month max for expenses in delegates.

We could use a random 1001 delegates. Then the bitcoin blockchain will have a max 28 kusd/month 1001 employes. For development, marketing and others.

Some delegates payment should be employed to buy all the mining hardware and put it at a museum.

The inflation will be lower as will be very difficult to reach 100% payment on all 1001 delegates.

[jonald_fyookball]

if you are actually serious, you might want
to read this post and those that follow: https://bitcointalk.org/index.php?topic=905385.msg9995601#msg9995601

[achimsmile]

Security and environmentalism.

no, I am not overly concerned with environmentalism, and don't believe there is much threat from consuming electricity.

Yup, if sucking juice is much threat, enviro-extremists need to start firebombing all those assholes with plug-in hybrids.

I think he is serious...

I don't know, is he serious? Are you serious Flashman?

Every human uses energy, and energy is limited. There's no need to be an environmentalist to see that we should not try to waste a lot of energy.