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General Discussion / Re: Bitcoin trying to become BitShares - Decentralized Dev Funding
« on: January 22, 2015, 09:05:04 pm »This has none to do with DPOS. It's basically a donations platform with a slick desktop client.
It doesn't solve the freerider problem: my contribution will cost me personally but benefit everyone else equally. This is evident even in the bounty that funded the app: 50 grand for the app and another 50 as a matching fund. It's really pathetic compared to the amounts spent on electricity.
Bitcoin will have to switch to some variation of DPoS or it should die. The quicker the better.
Or be adopted by big banks, corps and govs who will use the wasteful mining process as a barrier to entry (ie. same thing they do with regulations) and slowly but surely assume control of the network (in the best interests of the public, of course! Safety, security!).
I think it is safe to say that BTC will always be POW.
The question is really - can the herd turn fast enough?
BTS = Freedom
BTC = More of the same
Wish folks could see this coming.