Post
Topic
Board Bitcoin Discussion
Re: GREENPEACE INTENSIFIES CAMPAIGN AGAINST BITCOIN FOLLOWING ETHEREUM'S MERGE
by
jackg
on 17/09/2022, 16:42:55 UTC
I wish they spent money on something more meaningful, not on ads against PoW. Some are fast to attack Bitcoin because they don't like it much, don't understand it, and think they can succeed if they go against it.

If they had a project of buying up bogland so it couldn't be vandalised/burnt or actually invested in renewables or lobbying for them they'd be much more productive - especially now when oil has doubled in price at least in a lot of places.

If you complain about bitcoin being PoW on an ad, is there not.apotential you're advertising bitcoin to those who are against you too - which might be a lot of people?

I repeat. There is no such an invention in PoS. This is the way fiat currencies and even the gold standard worked since the origins of monetary history. All modern nationalized fiat currencies (the USD, the EUR, the GBP, etc.) are already digital and working under the PoS model.  Where is the innovation? Nowhere.
Based on the fact 2 companies hold 40% of the eth staking capital, it might be worse than banking as PoS and is definitely worse than customer/investor owned banks too (that used to exist and have been reinvented).