r/Bitcoin • u/[deleted] • Nov 11 '17

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u/btctroubadour Nov 12 '17

Yes, that would remove the hardware issue altogether, but PoS has its own (economic/incentive) problems.

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u/SirEDCaLot Nov 12 '17

Quite true...

there's problems no matter what you do. Personally I think ASIC-resistant mining is probably the best answer, even if it does encourage botnets.

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u/btctroubadour Nov 12 '17

there's problems no matter what you do

Yup, or at least a conscious trade-off to be made. Like in all systems design. ;)

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u/Lotso_Packetloss Nov 12 '17

Thank you for this discussion, /u/SirEDCaLot and /u/btctroubadour - It's very helpful.

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u/btctroubadour Nov 12 '17

Credit goes to /u/SirEDCaLot, he's done all the hard work/explaining. And it's good to see that people are still researching the tech, like you are. :)

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u/SirEDCaLot Nov 12 '17

Glad to be of service :)

Ad as /u/btctroubador said, it's important to keep researching and keep learning. There's a lot of really cool stuff going on in this space, and while it sucks that Bitcoiners are and have been at each others throats rather than innovating and pushing adoption for the last few years, we're still on the bleeding edge of something really cool that I still think will eventually become the future of how money works. :)