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 …
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Replying to @FluidFluxation
Bitshares' DPOS seems to be working all right.
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Replying to @redtheminer
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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Replying to @FluidFluxation @redtheminer
Expecting miners to switch from PoW to PoS is like expecting Oil titans to switch to renewable energy overnight.
11:49 PM - 11 Feb 2018
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