Quote from: cioloxl on June 14, 2018, 09:23:39 PM

Quote from: franky1 on June 14, 2018, 09:19:57 PM

once btc becomes PoS 'mined' where it doesnt cost a penny to mine it.. down will drop the cost and down will come the price.

Why on earth do you think that's gonna happen? Proof of stake is, as of now, still unproven as a reliable method to secure the chain. Proof of work does, the only drawback being high energy consumption. Bitcoin will never be proof of stake. It'll be long gone by the time developers even consider going pos.

i 100% know proof of work is the best..
as for energy consumption.. at todays 35exahash.. if you tried doing that on CPU/GPU you would burn more electric then th world uses. so ASICS are energy efficient and a welcomed relief.

but if you look at the core devs recently. they have come out with soo many ludicris idea's to stagnate and cause bitcoin issues. ven blaming asics amungst other reasons to want to move away from PoW
my comment on PoS was NOT about PoS being positive but about how not only would it ruin the security of bitcoin. but the cost of creation which is why bitcoin is at a higher price.

imagine the price of gold/oil if suddenly it only cost $1 to extract gold/oil out the ground