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This is actually something that Bjarne Stroustrup addressed when talking about C++: There are only two kinds of languages: the ones people complain about and t
by Shorel 6y ago
This is actually something that Bjarne Stroustrup addressed when talking about C++:
There are only two kinds of languages: the ones people complain about and the ones nobody uses.
In the case of cryptocurrencies, as soon as a cryptocurrency has any important percentage of use, these transactions are not confirmed in seconds anymore, and transaction fees starts to grow up. No one is really using PoS right now, so let's wait and see if this solution actually works when Ethereum officially switches.
- SwimSwimHungry 6y agoYou're spot on. The ETH fans love to wax poetic about PoS and how it's always around the corner and coming soon. It's been that way for ages. Lightning Network is similar. It's been perpetually 6 months away for years. Frankly, I'll be impressed if the current power structure within PoW cryptos doesn't find any way to hamstring PoS, mostly because they have a vested interest in keeping everything the way it is now.
- Zamicol 6y agoEth 2.0 is running right now. It is 100% PoS.
- SwimSwimHungry 6y agoI don't see anyone really using it though. That's the thing. Which makes me wonder if it's really ready.
- capableweb 6y agoWell, yeah, the Beacon chain is running but shards is not live nor is the docking of Ethereum mainnet and Eth 2.0, so of course people are not really interested in building on it yet, it's barely in production. Once the two chains work together, I'm sure there will be an explosion of activity. But until then, we can't really say that Ethereum is 100% PoS, although one pre-alpha project is.
- jerry1979 6y agoI think the trick for PoS coins has to come from keeping their transactions flowing without censorship. PoS coins feel to me like I can call someone, and they could freeze funds somehow. I cannot prove my suspicion, but PoS coins should trend towards fewer and fewer validators which means fewer and fewer points of failure edit:(or rather, more and more single points of failure).
- 72deluxe 6y agoI remember Stroustrup also saying how much he detested Bitcoin in his keynote from a few years ago, where he says it uses as much power as Switzerland and was saddened to know it had been written in C++.
- epinephrinios 6y agoObligatory: "Ok boomer." I use C++ everyday and I am still shocked about how user-hostile it is. I don't buy the usual "backwards compatible" and zero-cost abstraction canned arguments. I identified a lot of missed opportunities for simplification... I wonder how much energy we wasted by trial and error while writing/compiling useless C++ programs /s
- 72deluxe 6y agoOK boomer isn't obligatory.