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Why in HN of all places do people constantly have years-old takes on crypto? Ethereum is moving to proof-of-stake. Most other chains use some form of proof-of-
by knowaveragejoe 5y ago
Why in HN of all places do people constantly have years-old takes on crypto?
Ethereum is moving to proof-of-stake. Most other chains use some form of proof-of-stake.
It's not like these projects are unaware of your criticisms, nor have they stood still since you stopped paying attention in 2017.
- bosswipe 5y agoWhy in HN of all places? Because engineers are more resistant to bullshit hype. Proof-of-stake has not been proven at a large distributed scale.
- AlexandrB 5y ago> Most other chains use some form of proof-of-stake. I don't think this matters unless you weigh these chains by something like popularity or market cap - who cares if a blockchain used by a few hundred people is using PoS? Bitcoin and Ethereum are the two big ones and neither use PoS (yet)[1]. Also, we have new blockchains like Chia that have found novel ways to waste resources that don't involve PoW. [1] People have been saying that Ethereum is "moving to proof-of-stake" for years. Here's an article saying it's going to happen in Dec 2020 after a Jan 2020 deadline was missed: https://www.exodus.com/blog/ethereum-proof-of-stake-date/ https://www.exodus.com/blog/ethereum-proof-of-stake-date/ Is this time different? I don't know. But saying Ethereum is moving to proof of stake is like saying "the market is going to crash". Yes, maybe, but when?
- coolestguy 5y agoIt's currently got PoS working alongside PoW - so it's already happening