Post
Topic
Board Bitcoin Discussion
Re: Issues with Proof-of-Work
by
LegendaryK
on 28/01/2023, 19:58:37 UTC
satoshi chose PoW instead of PoS because


Incorrect,
Satoshi choose PoW because it was the closest option available in 2008 for what he wanted.

Satoshi left bitcoin behind in 2011.
https://robbreport.com/lifestyle/finance/bitcoin-founder-satoshi-nakamoto-1234613022/
Quote from: Satoshi
On April 23, 2011, he sent a farewell email to a fellow Bitcoin developer. “I’ve moved on to other things,”]

https://cointelegraph.com/news/the-history-and-evolution-of-proof-of-stake
Quote
Proof of Stake (PoS) was first introduced in a paper by Sunny King and Scott Nadal in 2012 and intended to solve the problem of Bitcoin mining’s high energy consumption.


Satoshi left in 2011 , Proof of Stake concept was founded in 2012.
He never choose PoW over PoS, because he had no knowledge of the newer more efficient superior PoS technology.

Had he not dropped the bitcoin community like they were foul-smelling excrement in 2011,
he might have stay long enough to fix that worthless proof of waste algorithm, that the btc cultists hold on to for pure stupidity stake.

Not only is PoW a waste of energy and a growing environmental disaster, an centralized *only 2 mining pools control over 51% of the hash rate *
it's Noise Pollution is getting communities to ask their governments to start banning it.
https://www.cnn.com/2023/01/19/us/north-carolina-crypto-mine-noise-weir-wxc/index.html
Quote
This unrelenting demand for electricity was one reason China banned cryptocurrency,
touching off a virtual gold rush from Appalachia to New York’s Finger Lakes.
Crypto miners began putting down stakes in places where power is cheap and affordable, and if land use or noise regulations even exist, enforcement is weak.
The mine in Murphy is just one of a dozen in Kentucky, Tennessee and North Carolina owned by a San Francisco-based company called PrimeBlock, which recently announced $300 million in equity financing and plans to scale up and go public.

But a year and a half after crypto came to this ruby red pocket of Republican retirees and Libertarian life-timers,
anger over the mine helped flip the balance of local power and forced the Board of Commissioners
to officially ask their state and federal officials to
“introduce and champion legislation through the US Congress that would ban
and/or regulate crypto mining operations in the United States of America.
”