4/7/20160 Comments
Ethereum to switch to Proof-of-Stake before November 1, 2017 This market resolves to Yes, if the Ethereum network switches from Proof-of-Work to Proof-of-Stake consensus as part of the Ethereum Serenity live release before November 1, 2017. The resolution date of this market may be accelerated. Bets matched after the antedated resolution date will be voided.
Source: http://www.coindesk.com/
In before FOMO breaks out and price goes over 20$ in 2 weeks.
So this is a good thing?
CG
Other than the possible price fluctuation, what is the implication for miners? Sorry if this sounds too noob.
Nah...I'm curious as well.
https://steemit.com/ethereum/@bunny/why-does-ethereum-plan-to-move-to-pos
miners have to move on to steem after nov 1, 2017... LOL
https://steemit.com/ethereum/@bunny/why-does-ethereum-plan-to-move-to-pos
Hard to find a date for this switch. You're talking about November 1st 2017 but I can't seem to find confirmation of this. Question is also if PoS is implemented directly or in stages. In the latter case the two systems (PoS and PoW) will coexist for some time.
I am hoping that the POS implementation may be discussed in more detail,particularly the timeline at the November Devcon 3.
Pos will wipe the regular miner that wont be able to meet the 2000 ethereum necessary to mine pos so if this goes through it will mean more centralization instead of descentralized system. Also I believe this will provoke a fork with 2 visions of what ethereum should be and all the Pow miners will go there or just leave and mine ubiq that is a clone of ethereum just 200 times cheaper.
One thing I do not get. Let's assume I have mined 10 ethereum over 12 months. But I see that I need to get more coins in order to have a larger amount in my wallet once the POS hits. Will it make a difference if I go now and purchase 100 coins instead of purchasing more machines to mine? Basically, is the mined coin more advantageous compare to the bought coin when POS deploys?
Upvoted you