Quote from: btc-room101 on June 01, 2021, 12:39:34 AM

Quote from: dailyjuice on May 31, 2021, 11:09:04 PM

Will BTC ever be able to switch to the POS consensus algorithm?

Proof of Snake is every 'whales' dream, where they get to control everything. None of the elite anywhere on earth want POW, it puts too much power in the little guy. POS puts all the power in the whales, where the 'elite' think power belongs.

Funny that POS is even accepted at all

POS is oligarchy, where only the rich make consensus decisions, where any rich guy with +51% can take permanent control of that coin, which means that if POS became standard over time all crypto's would essentially become cartels.

Bitcoin mining is a redundant energy wasting version of Proof of Stake. The person or people
who invest the most money on a Bitcoin mining operation will get the most Bitcoin rewards. The
bigger the mining operation. The larger the Bitcoin reward.

You do understand that POW is just POS just with extra steps?