I'm doing a hard fork, too. In my version 78% of the wealth will go to me, which I will redistribute on based on personal preferences. Come and join me into a new and obviously superior system. More seriously though: the paper is not bad, but I can guarantee you that Bitcoin will *never* change that drastically. That's the whole point. It has an indestructible kernel (think DNA). Rather it will do a slow death, probably in 5-10 years. If you care for PoS than just launch your own. On Tue, May 20, 2014 at 6:42 PM, Nick Simpson wrote: > Referring to the subsidy for miners as "wasting it on miners" isn't going > to garner you much favor. > > > On May 20, 2014 11:12:53 AM CDT, Stephen Reed > wrote: > >> I completed a whitepaper for Bitcoin a proof-of-stake version which uses >> a single nomadic verifiable mint agent and distributed replication of a >> single blockchain by compensated full nodes to achieve 6-hop, sub-second >> transaction acknowledgement times. Plus it pays dividends to holders >> instead of wasting it on miners. Subsidized transaction fees are thus lower. >> >> >> https://docs.google.com/document/d/1C4m-MFnxw0JjDorzrKs_IRQRqD9ila79o0IDt6KsbcE >> >> Because the code is not yet written, this idea is half-baked so to speak. >> Comments appreciated on my project thread, which will be a development >> diary. I plan a hard fork of the Bitcoin blockchain in early 2016, after a >> year of public system testing, and conditioned on wide approval. >> >> https://bitcointalk.org/index.php?topic=584719.msg6397403#msg6397403 >> >> -Steve >> >> Stephen L. Reed >> Austin, Texas, USA >> 512.791.7860 >> >> ------------------------------ >> >> "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE >> Instantly run your Selenium tests across 300+ browser/OS combos. >> Get unparalleled scalability from the best Selenium testing platform available >> Simple to use. Nothing to install. Get started now for free." >> http://p.sf.net/sfu/SauceLabs >> >> ------------------------------ >> >> Bitcoin-development mailing list >> Bitcoin-development@lists.sourceforge.net >> https://lists.sourceforge.net/lists/listinfo/bitcoin-development >> >> > > ------------------------------------------------------------------------------ > "Accelerate Dev Cycles with Automated Cross-Browser Testing - For FREE > Instantly run your Selenium tests across 300+ browser/OS combos. > Get unparalleled scalability from the best Selenium testing platform > available > Simple to use. Nothing to install. Get started now for free." > http://p.sf.net/sfu/SauceLabs > _______________________________________________ > Bitcoin-development mailing list > Bitcoin-development@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/bitcoin-development > >