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Why? Proof-of-Stake coins have legitimate long-term security concerns (see the "Nothing at Stake" problem). For a decentralized DNS system, you want the most se
by droffel 11y ago
Why? Proof-of-Stake coins have legitimate long-term security concerns (see the "Nothing at Stake" problem). For a decentralized DNS system, you want the most secure chain possible in terms of hashing power, and in this case, that happens to be Bitcoin. Unless you believe Vitalik will somehow manage to design a Proof-of-Stake system without those security concerns (which I highly doubt will happen).
- aakilfernandes 11y agoEthereum is not PoS
- droffel 11y agoIt will be very soon. http://stackoverflow.com/questions/33802343/when-will-ethereum-switch-to-proof-of-stake http://stackoverflow.com/questions/33802343/when-will-ethere...
- aakilfernandes 11y agoThe link you provided does not back up your claim. All it says is that research is happening. My point is you shouldn't dismiss a consensus algorithm that has not yet been formalized/described. It may be possible, it may be impossible, but keep an open mind.