⭐ Merited by pooya87 (3) ,xandry (2) ,ETFbitcoin (2) ,BlackHatCoiner (2) ,JayJuanGee (1) ,n0nce (1) ,DdmrDdmr (1)
I've studied bitcoin, I've talked about it a lot,
And yet , you have not studied the PoS version 3 blockchains like cardano and algorand.
It like saying you learned English and know it is superior to French.
But have not studied French.
My point above is, if PoW is so great where are all of the new coins using it.
Answer , their are no new coins using it, because it is a dying tech, kind of like a dying religion that was false to begin with.
PoS Tech is growing and evolving every day , what happens to a dying PoW tech is a non-issue for the rest of us.
Which is why you have to bump your thread, as everyone already knows the conclusion of the discussion is the death of PoW.
Whether Bitcoin evolves to avoid the PoW death, that is up to the btc devs. But to be honest most of us no longer care what happens to btc.
@n0nce, the developers of ethereum and doge have realized PoW is a dead end,
shame you have not caught up to their thought processes yet.
Next is where you claim you are smarter than the devs that are switching.
You two have a great weekend, regaling how great BTC PoW is and why it will rule the universe.
K so lets go over your thought process and start with the biggest aspiring shitcoin first.
In ethereum with PoS your staked coins literally get locked up, like 10 percent of all eth is locked up at the moment and the update isnt even here yet. Since EIP-1559 it burns coins for being used to get "deflationary", but yet the eth supply is higher now, than when the update was introduced. So you basically created a network that punishes you for using it, but incentivizes old holders to not move their coins. Every newcomer is already at a huge disadvantage with this. Then to stake you will need atleast 32 eth and most wont ever have this much, so they will need centralized staking pools like coinbase and so on. So youre basically throwing the concept of self custody out the window, what happened to decentralization? Every sheep nowadays just runs after some fake yields without using their head. Most ethereum nodes are already running on aws, so lets increase the troughput of the network even more in eth 2.0 to make it even more centralized.
Giving up self custody and decentralized nodes and punishing people for doing transactions sounds like a super sound concept, but they have jpgs, that arent even stored on the chain but on centralized website that just have a smart contract on the chain(without the jpg on it), so it must be superior to bitcoin and worth it.