30 ms·
>This article should be re-titled "The Political Case for a Blanket Proof of Work Ban". I don't see the difference between that and "The Political Case for a B
by superkuh 6y ago
>This article should be re-titled "The Political Case for a Blanket Proof of Work Ban".
I don't see the difference between that and "The Political Case for a Blanket Cryptocurrency Ban". The outcome is the same. Etherium has not proven proof of stake can work at scale. If it does that will be great. But it's no certain thing and it'll probably mean more Eth forks like Eth classic. Most other cryptocurrencies are tied to bitcoin's ecosystem to have value at all.
- je_bailey 6y agoTo say that "Etherium has not proven proof of stake can work at scale" is true but means not a whole lot. Since it implies other's haven't. Cardano, as an example, will be 100% decentralized Proof of Stake within the next few hours. I see no reason at this point for bitcoins existence but the technology that's being built on top of blockchains is fascinating and shouldn't be condemned for something that bitcoin can't do.
- superkuh 6y agoIt's disingenuous, or confusing to me at least, to present Cardano, a cryptocurrency started in 2017 I haven't even heard of, as proving the same thing as real used and tested cryptocurrencies like Bitcoin or Etherium.
- DennisP 6y agoI'm not sure what you mean by "at scale" but Ethereum's PoS currently has over $6 billion staked with over 100,000 validators, without any sort of delegation. The protocol is designed to handle a lot more validators without modification, and resource requirements on validators today are low.