Post
Topic
Board Altcoin Discussion
Re: Is this for real?
by
wxa7115
on 03/03/2022, 17:39:20 UTC
Green house conscious European Union are driven green energy to forefront of global energy consumption and it is important that cryptocurrency ecosystem begin to alligb itself  in this direction. One of the negative argument about bitcoin is the energy consumption of mining it. I think pos is the future of cryptocurrency future and the early we embrace it the better!
I disagree, when we look at the energy consumption then we can see that PoS has a smaller consumption of energy than PoW, does this make PoS better than PoW? Not really, the most important aspect we should consider is the security of the network, without that nothing else matters and in that aspect PoW is better than PoS by a long shot.

So even if PoW requires more energy it should still be the way to secure a network, and since bitcoin is using it and it will not be replaced then those politicians will fail at implementing something like that as the reality of the situation will never match with their expectations.