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Ethereum simply promising to switch to PoS, at some undefined future time when it's extremely convenient for them, provides absolutely no moral redemption. They
by rspeer 8y ago
Ethereum simply promising to switch to PoS, at some undefined future time when it's extremely convenient for them, provides absolutely no moral redemption. They have to actually do it.
- DennisP 8y agoThey have a testnet, are working on a second testnet, will freeze the spec once that testnet is running, and have funded multiple teams to formally verify the design's properties. That effort is going well and should be finished within four months. This is just for the initial hybrid design, but last I saw, that design reduces PoW reward by 80%, which necessarily decreases energy consumption by about the same amount. Recently I saw Vitalik claim that the finality provided in the hybrid design is the hard part, and going the rest of the way to full PoS is relatively easy.
- profalseidol 8y agoWow, lots of hidden assumptions there. You seem to imply that they're not working on it at all. Remember, Ethereum is clearly still under development, they never mention that it is ready for general public use.