Post
Topic
Board Bitcoin Discussion
Re: GREENPEACE INTENSIFIES CAMPAIGN AGAINST BITCOIN FOLLOWING ETHEREUM'S MERGE
by
jrrsparkles
on 21/09/2022, 18:04:00 UTC
Here is the link: https://bitcoinmagazine.com/business/greenpeace-intensifies-campaign-against-bitcoin-after-ethereum-merge.

They just don’t get it. Of course, it is impossible to understand something when their income depends on not understanding it. Well, this is the difference between honesty (Bitcoin) and total moral corruption (Ethereum and the rest of the fiat world).

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.

This is the computer versus the typing machine, and old fogeys proposing going back to the typing machine because computers spend energy. Well, you type… I’ll use a computer. Let’s see who wins.


You forgot the blockchain technology of these cryptocurrencies and comparing with existing fiat monetary system which is completely under control of single authority called Central banks.

PoS is not really that bad but ethereum is not actually competing with bitcoin in my opinion, it is trying to up the transaction processing speed since the rivals of ETH like BSC, Tron and others are way ahead and lot cheaper than ethereum for long time.