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Proof of Stake was part of the original plan for Ethereum. Everyone knew going in that it would transition to it. The entire development team, not just Vitalik,

Proof of Stake was part of the original plan for Ethereum. Everyone knew going in that it would transition to it. The entire development team, not just Vitalik, has agreed to use ice ages to encourage the entire community to hard fork, to prevent orphan chains from emerging every time one of these planned changes is implemented. It's unfair and inaccurate to describe the execution of a long-established plan that has been part of Ethereum since the beginning as some sort of nefarious plot being pushed through using manipulation.

Taek 9y ago
Does it really make sense to push an untested, highly criticized, and drastically different security architecture onto a live $20 billion system? Especially from a team that has a history of borking updates (Spurious Dragon)? If there was an ounce of sanity here you'd at least have a 12 month trial period in an altcoin to iron out the kinks.
- DoubleMalt 9y ago
  Ethereum is the testing ground for Ethereum Classic ;)
- nebabyte 9y ago
  Ethereum is not the first coin to use PoS.
  - petertodd 9y ago
    ...and other coins using it have run into severe problems. For example, Peercoin had to add a system of centrally managed checkpoints to avoid nothing at stake attacks: https://github.com/peercoin/peercoin/blob/fbc81b380221e55c94c50de979d910d68ce715f9/src/checkpoints.cpp#L70 https://github.com/peercoin/peercoin/blob/fbc81b380221e55c94...
    - blockson 9y ago
      bitcoin also has hardcoded checkpoints as well. so what's your point petertodd? if you feel there is a security concern or attack, you should properly elaborate your concern Peercoin has been running 5 years. What severe problems are you referring to?
- CryptoPunk 9y ago
  When that was the original plan, yes. This space is about experimentation, not making safe asset classes for crypto Scrooges. And the PoS will be tested extensively before going live.

Taek 9y ago

Does it really make sense to push an untested, highly criticized, and drastically different security architecture onto a live $20 billion system? Especially from a team that has a history of borking updates (Spurious Dragon)? If there was an ounce of sanity here you'd at least have a 12 month trial period in an altcoin to iron out the kinks.

DoubleMalt 9y ago
Ethereum is the testing ground for Ethereum Classic ;)
nebabyte 9y ago
Ethereum is not the first coin to use PoS.
- petertodd 9y ago
  ...and other coins using it have run into severe problems. For example, Peercoin had to add a system of centrally managed checkpoints to avoid nothing at stake attacks: https://github.com/peercoin/peercoin/blob/fbc81b380221e55c94c50de979d910d68ce715f9/src/checkpoints.cpp#L70 https://github.com/peercoin/peercoin/blob/fbc81b380221e55c94...
  - blockson 9y ago
    bitcoin also has hardcoded checkpoints as well. so what's your point petertodd? if you feel there is a security concern or attack, you should properly elaborate your concern Peercoin has been running 5 years. What severe problems are you referring to?
CryptoPunk 9y ago
When that was the original plan, yes. This space is about experimentation, not making safe asset classes for crypto Scrooges. And the PoS will be tested extensively before going live.