5 ms·
Except in this case, this is going against presumably 51% of the miners and changes take much longer to implement and activate on Bitcoin (taproot activation fo
by rawtxapp 6y ago
Except in this case, this is going against presumably 51% of the miners and changes take much longer to implement and activate on Bitcoin (taproot activation for example will be done over a very long period and needs a very high threshold).
Going from PoW to PoS in such a small timeframe is pretty aggressive no matter how you look at it. As a user, I really hope it works out without major issues.
- hanniabu 6y ago> and changes take much longer to implement and activate on Bitcoin That's a funny way of saying BTC doesn't innovate. > Going from PoW to PoS in such a small timeframe is pretty aggressive no matter how you look at it. It's been the plan for years. I first heard of it in 2017 and if I'm not mistaken I think it was also in the whitepaper. So it's neither coming out of the blue or an aggressive timeframe.
- rawtxapp 6y ago> That's a funny way of saying BTC doesn't innovate. Or another way of saying you can expect some stability (and majority consensus) when there's more than a trillion dollars worth of value at stake. It's been discussed for a longtime, yes, but the expectation is that it would roll out in phases over the next year or two, not rushed out because of a potential 51% attack.
- hanniabu 6y agoYou say rushed but it's not rushed at all. It's simply just a priority change.
- DennisP 6y agoBear in mind the PoS network is already running, with 100,000 validators and $6 billion staked, after years of R&D. This last bit is relatively simple.