When miners have sunk costs in Eth specific hardware, they wont be eager to vote in favor of a switch away from PoW. Economic incentives are a tough wave to fight. Anyone taking odds that PoS never materializes (in a significant way) on Ethereum?https://twitter.com/redtheminer/status/962929519072964608 …
I'm not sure I see the relation. Bitshares is based on it's own form of PoS. I'm talking about the economic difficulties of converting from PoW ->PoS when the network is maintained by miners with infrastructure costs sunk into PoW.
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Expecting miners to switch from PoW to PoS is like expecting Oil titans to switch to renewable energy overnight.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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You are right. But I think the POS roadmap is set from the very beginning.
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It's set only in words and ideals of central authorities. There is the planned obsolescence with the "Ice Age" difficulty scheme, but that has been delayed before.
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All of this is subject to challenge from the miners providing the economic security and hash.
End of conversation
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