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Not an expert, but Proof-of-stake (what Etherium 2.0 does) solves this, right? Now Bitcoin needs to find a path to implement it. https://blog.ethereum.org/2021
by bcherny 5y ago
Not an expert, but Proof-of-stake (what Etherium 2.0 does) solves this, right? Now Bitcoin needs to find a path to implement it.
https://blog.ethereum.org/2021/05/18/country-power-no-more/ https://blog.ethereum.org/2021/05/18/country-power-no-more/
- jallen_dot_dev 5y agoYes for Ethereum but Bitcoin will never adopt it, for ideological reasons. The community is extremely resistant to big changes like this. It took what should have been a small and uncontroversial change (where to store the witness data for transactions in a block) years of vicious debate and led to competing forks.
- walkhour 5y agoPrediction markets estimate at around 15% the chance that Bitcoin will adopt PoS. If you think this will never happen you can make money at https://www.metaculus.com/questions/7109/bitcoin-consensus-mechanism-by-2035/ https://www.metaculus.com/questions/7109/bitcoin-consensus-m....
- jallen_dot_dev 5y agoHmm, how does this work exactly? Is my money locked up for 13 years while we wait for the result? That seems like a poor return on investment. Do I have to trust this website will still be around 13 years from now?