Post
Topic
Board Bitcoin Discussion
Re: POS instead POW
by
Bitcoin-Eco
on 04/06/2021, 14:42:57 UTC
Will BTC ever be able to switch to the POS consensus algorithm?

YES.  Bitcoins value will in fact be transferred to a POS energy efficient environmentally sustainable Bitcoin . The Bitcoin Core developers will never go for it .The best thing about decentralization and the value Bitcoin has is the community decides the direction of Bitcoin. Enough people abandon the chain and move to another "That chain becomes Bitcoins value" Bitcoin is doomed to fail in the wake of POW. The huge carbon footprint that comes with bitcoin mining will be its demise. If action is not taken to move Bitcoins value to another chain  people holding Bitcoin will lose everything.

Elon musk is alot of things but the guy is NOT dumb. The world wont stand for wasting energy and unnecessary carbon footprints. Bitcoins carbon footprint in completely avoidable by POS. People will start buying bulk Bitcoin and sending them to "Burn" addresses to remove them from circulation.A receiving chain will validate the Bitcoin is in fact burnt. You are then sent energy efficient environmentally sustainable Bitcoin XYZ . 1 to 1 swap.  Your should read this .If you think as many do.. Bitcoin needs to go POS this will be a good read