I am aware that 3i is considering to use POS in BTS instead of POW which is original proposed solution in the published white paper,we all know that the POS mechanism is totally different with POW.my question is that will the 'mining' approach change affect the original system design, e.g. the original BTS mining dividends,if yes,is there any better solution to address this issue,recently,I also heard many people are talking about the change, people are nervous about the uncertain things,some people also think the new proposal solution is not a good choice. will 3i consider to publish a new system design specification or revised white paper?then we can have a better understanding for the coming system. Look forward to your reply.
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100% of the BTS money supply will be assigned in the genesis block between ProtoShare holders (mining) and AngelShare holders (investing).
All BitAssets now receive 5% interest
All Short positions now pay 5% interest
100% of all transaction fees are paid as dividends.
Ripple Style Consensus used to build each block.
Proof-of-Stake used to provide long-term security and irreversibility.
Yes, enough has changed that I need to write a new white paper. Fortunately, most of these changes represent simplification and enhancement rather than adding complexity. Owning BTS is now more profitable than ever.