Quote from: Coinfarm ventures on Today at 03:51:25 AM

Quote from: bitquad on Today at 01:34:46 AM

Proof of Stake brings a much smaller carbon footprint which is positive politically and for institutions, especially with energy scarcity already starting whether it is manufactured or not.
POS will make Ethereum potentially deflationary.
POS will allow the addition of sharding to improve performance, transaction speed and scaling.

Blah blah, more 'green' FUD. As the world moves to unreliable solar & wind energy, the demand for mining to balance out the grid will only become greater. Most of that power is being flushed down the drain anyway. Carbon is life, life is carbon. You're playing into their plan, which is to reduce demand for energy and reduce standards of living. Nobody has the right to tell people how much energy they can use.

PoS is no different from the current fiat system where the rich get richer simply by having wealth. PoS is a kleptocracy. It is inflationary just like PoW. At least in PoW, coins are awarded based on something outside the system, like energy.

Kadena which is a PoW coin has sharding too. PoS has nothing to do with transaction speed or performance, blah.

Blockchains based on PoW will prove to be the only strong blockchains, like gold. Anything else is just like the Roman denarius which can be altered at will. You're paying a heavy price for that energy 'efficiency'.

I put my money where my mouth is. I no longer mine ETH and I'm going to sell my remaining 0.5 Ethers before it crashes even harder. I'll become a Bitcoin maximalist if this PoS nonsense continues.

Good luck convincing the woke governments of the west that all the energy is wasted anyway. They will ignore whatever you say. I could care less how much energy Bitcoin is consuming. I am just stating that this energy use will be a source of criticism.

Go ahead sell your last 0.5 ETH! What are you waiting for?! You think it is only crashing from here on out so the longer you hold the less it will be worth. Sell!