Re: PoW fails on energy, transaction capacity, decentralization, and inclusion
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How many BTC did any of you mine today?
Around one satoshi per day, because I can do that on my CPU. Of course I mined it inside LN channel with a friend, during testing decentralized mining, so you wouldn't see that on-chain. And I can ask the same question, when it comes to the Proof of Stake: how many blocks you reached by signing something? One? Less than one, by signing messages in some centralized pool? How many altcoins you gained for staking today? And do you really have them, or maybe you just handled your coins somewhere in a custodial way, on some centralized exchange, and got nice numbers displayed on some web page? Do you receive your coins in some decentralized way, or maybe there are the same kind of centralized pools for staking, like there are for mining?
You claim to mine PoW bitcoin on an OFFCHAIN network.
Dude, it is not onchain, so it is not mining.
Even in that LN nonsense , you are losing more in energy costs, than if you just turned your LN node off and used the fiat to buy btc.
Wasteful hobby, but you're not mining, call back when you have a warehouse full of asics and on the verge of bankruptcy because of utility bills.
Cardano pays 2.6% yearly on my total every 3 days.
When Compounding makes it a little higher, and I have no external energy costs.
I have no issue using a Cardano pool, because unlike btc PoW pools where only 4 guys control over 51%,
Cardano has over 3000 staking Pools to choose from, with program coded safeguards that prevent things
like => BTC PoW has less than 20 pools with the top 4 pool operators controlling over 51%.
And yes , if I wanted too, I could stake my Cardano without a pool.