Re:The Bitcoin Blocksize: A Summary
by DennisP on Wednesday August 12, 2015 @01:41PM
(#10049309)
That's the theory, but changing the consensus algorithm would be a far bigger change than just adjusting the block size, which is causing plenty of controversy already. If they do try to move away from mining, they'll have to first get agreement from the miners, who've already purchased a lot of mining equipment.
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Re:The Bitcoin Blocksize: A Summary
by celticninja on Thursday August 13, 2015 @05:45PM
(#10057403)
I don't think so. You see if you move away from mining you need the agreement of the users not the miners, who by design will become surplus to requirements. If a method of securing the Blockchain without miner is found you could be pretty certain most people would back that option if it promoted further decentralisation.