instead of proactively organizing to defend Bitcoin in the new war?
“Switch to POS” is an attack on Bitcoin, and it is a threat to Bitcoin. On a thread titled “POW vs. POS”, let’s discuss how we should respond to it.
“Switch to POS” is an attack on Bitcoin, and it is a threat to Bitcoin. On a thread titled “POW vs. POS”, let’s discuss how we should respond to it.
The rest are boring, you're worth a few minutes.
I think all of those years in the Philippines, must have fried your noodle.
We both know BTC won't switch to PoS,
Blockstream won't allow it, as it lets them hamper the onchain transaction capacity,
and their future money is going to come from Liquid and LN.
PoS Coins don't care what BTC does or what happens to it.
The other devs made their choice and switched to a better algorithm in their opinions.
This is your real war on PoW that is coming.
As the world's energy resources become strained.
How will BTC PoW survive as the governments ban it's mining?
Also how will the btc network function, when the power is off from 9am-12noon, and 7pm-10pm, everyday?
Also how will the miners survive once a carbon tax is enacted and it makes mining a pure financial negative?
As the baby boomers retire, they switch to US $, Bonds, and less risky ventures, which will gut all of those VC firms that have been propping up all of those miners that will go bankrupt without VC investment?
That is the war PoW is facing, PoS networks don't really care how BTC responds to their real war, because PoS network will function as normal.
One last thing for you.
Transaction Finality
Algorand PoS design has it in 1 block, bitcoin never achieves it no matter how much energy wasted
Looking forward to your reply.
