Post
Topic
Board Development & Technical Discussion
Re: Why exactly is Bitcoin clinging to PoW?
by
TangentC
on 18/05/2021, 12:43:29 UTC
Ethereum and Cardano , the #2 and #4 coins on CMK would disagree with you.
You clearly don't understand anything and farting about centralized altcoins that mostly run on vps servers and have blockchain size that can't fit on normal hard drives is not decentralization or security.
Anyone can run Bitcoin node even on Pi devices, that is impossible on mentioned coins, and they don't spend any energy because they run on centralized VPS almost as database files.
Not to mention you would need to have huge amount of coins to buy and stake, or issues with premine...

You kind of missing the point, the miners are driving up the price, your little Pi is useless in mining,
however that little pi could run a PoS network.

My final point is this a solution to PoW energy waste is needed, don't want to switch to PoS like Ethereum,
fine don't, but thinking that something does not have to be done to fix an ever growing problem will not end well for BTC, IMO.

Have a Great Day.  Smiley