3 ms·
You’re confused. They claim they are going to fork ETH to make a POS fork of it. Now the people claiming this are going to want you to believe that’s the “rea
by jki275 6y ago
You’re confused.
They claim they are going to fork ETH to make a POS fork of it. Now the people claiming this are going to want you to believe that’s the “real” eth- but the miners may not agree. They have no incentive to do so.
And yes, they can absolutely keep running the real chain and let the chips fall where they may. Given that course of action benefits them, and the other benefits Vitalik and his whale friends...
- DennisP 6y agoThat's...exactly what I just said. It doesn't matter what the miners believe, if the exchanges, applications, and users have moved to the PoS chain. Which is very likely to happen, given the community support for PoS, the scaling coming on that side at around the same time, and the fact that exchanges are already letting users earn returns by staking ETH, while the exchanges take a percentage of profits.
- jki275 6y agoI think you are projecting your belief about ETH v3.0 or whatever it is onto a lot of people who don't agree with you. Vitalik et all have been talking about pos for years. Meanwhile a huge portion of the cryptocurrency space went there already (years ago) and left eth behind. POS isn't some new technology.
- derivagral 6y agoAs a random user of ETH: I'm going to go to the PoS fork because of the (implied) fee difference. ~$50 for a wire is going to kill the chain (imho), and I don't see miners incentivized to handle that.
- jki275 6y agoIt's an interesting hope. I'm not sure that's going to fix anything. Fees don't come from whether it's pow or pos, they come from volume and the need to prioritize transactions.