Re:Ethereum Proof-of-Stake
by RL_Quine on Thursday July 07, 2022 @10:46AM
(#32014772)
You can remove the block reward as a soft fork, the consensus rule for Bitcoin and its derivatives is a maximum. Even if it wasn't, you can soft fork in a rule that the block reward should be spent to somewhere invalid, or paid to a particular person.
[ Parent
| on HN ]
That doesn't work, unless 100% of miners accept your rule change forever (aka impossible). It would only take a single miner to keep mining using the old rules and this miner would reap the block reward / transaction fees. An old Bitcoin client would follow the chain created by this miner, wouldn't it?
Re:Ethereum Proof-of-Stake
by whatisweb3 on Thursday July 07, 2022 @12:51PM
(#32016363)
Yep - users have to actively decide to use a new Bitcoin client. Users who are against PoS would just not upgrade to the new client, or would fork it.