Post
Topic
Board Development & Technical Discussion
Re: PoW and PoS
by
ABCbits
on 18/04/2024, 11:00:53 UTC
Since you post it under Bitcoin parent board, i'll just say that there's almost no chance Bitcoin will switch from PoW to PoS. Aside from everything you've mentioned, it require hard fork which usually flat rejected by Bitcoin community.

For such crap like ordinals, inscriptions and similar baggage I'm really grateful for shitcoins to exist. Having such a mess on Solana or Ethereum is a big benefit for Bitcoin to stay as far away as possible from getting overloaded by such spammy activities.
And no, I'm not a friend of Shitcoins but here, no one can deny that shitcoins are not beneficial by absorbing a large part of spam.  Wink
You have this backwards. It's beneficial for ordinals and inscriptions to take place on Bitcoin instead of other chains because these transactions pay fees for higher hashrate security.

Or rather, it's only beneficial for both miner and exchange. Miner earn more BTC from high TX fees, while exchange have excuse to increase their withdraw fee even though only fraction used as BTC TX fees.