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> something is wrong and needs to be fixed It's already fixed with PoS... IMO the winner of the cryptocurrency-race will be a PoS-based coin.

• tylersmith 9y ago
  PoS deserves research but it's far from shown itself to be viable as the dominate consensus mechanism.
  • Taek 9y ago
    A lot of research was done by heavyweights for PoS in 2012 and 2013. The consensus was that it was a fruitless pursuit and that PoS could not match PoW in terms of security and decentralization. Several papers have been written about it. https://download.wpsoftware.net/bitcoin/pos.pdf https://download.wpsoftware.net/bitcoin/pos.pdf
    • tylersmith 9y ago
      I'm just trying to not be absolutest by stating it can't work. I'm in the camp that believes it's just obfuscated PoW.
    • joeyspn 9y ago
      Well, as you may know it's currently being used in some coins like bitshares [0] and it works fine, Ethereum also is migrating to PoS [1]. So the consensus for a lot of people in the ecosystem is that it works. [0] https://bitshares.org/technology/delegated-proof-of-stake-consensus/ https://bitshares.org/technology/delegated-proof-of-stake-co... [1] https://www.coindesk.com/ethereum-casper-proof-stake-rewrite-rules-blockchain/ https://www.coindesk.com/ethereum-casper-proof-stake-rewrite...