@VeritasSapere
"I thought it was pretty much decided upon, PoW and then PoS, which is pretty common in the altcoin world since it allows for a better distrubution at first while later removing mining with all of its pros and cons. Though you are correct in that the exact specifications of this new PoS has not been completed yet and therefore can not yet be reviewed."
well then, what are you going to do if the attacker continues to hold 5% of DAO tokens when the shift to POS occurs? you say that's not much; i beg to differ. that's a huge %. i remember when i first read Andrew Poelstra's indictment of POS, there was a similar snatch of 5% of Bitshares (?) which was a POS system. eventually that imploded altho i can't for sure pin it on that event (altho i think it contributed).
i personally can't believe anyone could even consider investing in a platform that doesn't have it's security mechanism established ahead of time. i've warned about all the politics/shitfestting that will go into establishing that mechanism b/c whichever path they take will change the economics of Ethereum substantially. in that sense, i don't see ether as sound money at all.
[doublepost=1466486485][/doublepost]Satoshi's brilliance was in establishing the rules of Bitcoin ahead of time. you either took 'em or you left 'em, but you knew what you were getting into when you took the jump.
"I thought it was pretty much decided upon, PoW and then PoS, which is pretty common in the altcoin world since it allows for a better distrubution at first while later removing mining with all of its pros and cons. Though you are correct in that the exact specifications of this new PoS has not been completed yet and therefore can not yet be reviewed."
well then, what are you going to do if the attacker continues to hold 5% of DAO tokens when the shift to POS occurs? you say that's not much; i beg to differ. that's a huge %. i remember when i first read Andrew Poelstra's indictment of POS, there was a similar snatch of 5% of Bitshares (?) which was a POS system. eventually that imploded altho i can't for sure pin it on that event (altho i think it contributed).
i personally can't believe anyone could even consider investing in a platform that doesn't have it's security mechanism established ahead of time. i've warned about all the politics/shitfestting that will go into establishing that mechanism b/c whichever path they take will change the economics of Ethereum substantially. in that sense, i don't see ether as sound money at all.
[doublepost=1466486485][/doublepost]Satoshi's brilliance was in establishing the rules of Bitcoin ahead of time. you either took 'em or you left 'em, but you knew what you were getting into when you took the jump.
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