Quote from: Plaguedeath on March 26, 2024, 03:17:23 PM

Quote from: Minor Miner on March 26, 2024, 01:23:18 PM

Quote from: Natsuu on March 25, 2024, 11:59:05 PM

In the coming decade, we're likely to see some cool new tricks and tech pop up in the Bitcoin world to make it faster, greener and more efficient all while keeping it decentralized and secure. Theres a talk of exploring different consensus mechanisms, like proof-of-stake, to cut down on energy use. And let's not forget about other tech like sharding and sidechains which could also help with scalability while being eco-friendly. It's an exciting time for Bitcoin and there's no shortage of smart minds working on ways to make it better for everyone

Proof of stake (POS), layer2, sidechain...? How can you call these technologies that will make bitcoin faster and better while still being decentralized and secure? I sincerely ask, do you know what the concept of POS is?

In terms of innovation to make bitcoin better, we don't have too many solutions so far. Besides applying LN to reduce transaction fees, expanding the blockchain or reducing energy use, we still don't have any technology that can solve it. We are all waiting and hoping that the developers will find some solution soon.

Lightning Network is Layer 2, so if you think POS, Layer 2 and Sidechain aren't decentralized and secure, you're actually saying Lightning Network isn't secure too.

But yeah I agree POS is sucks, it's actually a protocol that will kill Bitcoin's purpose, Bitcoin will never ever adopt POS. I don't think the developers will find a solution to combat against high fees because with the high adoption and we want a secure network, high fees is inevitable.

Yes, I think LN is insecure and that's why it's not popular until now even though it's been deployed for quite a while.

I agree with you, everything has pros and cons, and we cannot ask bitcoin to be so perfect that it doesn't have any disadvantages. If we want decentralization and maximum privacy, we need to make trade-offs, and high fees are the price we have to pay when using bitcoin. That's completely appropriate and nothing excessive. If someone wants cheap, fast and can accept less security then POS is an option.