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Scraped on 14/06/2025, 22:37:20 UTC
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Literally cancer. POS would be the death of Bitcoin. With POW, hash rate follows cheap power, regardless of politics or laws. With POS, there would have been no great miner migration in 2017-2021 and Bitcoin would have become a chinese permissioned ledger. However, thanks to POW, miners simply migrated and proved that not even China can touch a POW Bitcoin.
Literally cancer. POS would be the death of Bitcoin. With POW, hash rate follows cheap power, regardless of politics or laws. With POS, there would have been no great miner migration in 2017-2021 and Bitcoin would have become a chinese permissioned ledger. However, thanks to POW, miners simply migrated and proved that not even China can touch a POW Bitcoin.
You know that there was a time when one player (ghash.io mining pool)
And to those who think that there's nothing to worry about until 2140, here's the block reward schedule showing that (depending on the price) the block rewards can become insignificant in our lifetime:
Original archived Re: Bitcoin's Endgame: Are We Ignoring a Ticking Time Bomb?
Scraped on 14/06/2025, 22:32:27 UTC
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Literally cancer. POS would be the death of Bitcoin. With POW, hash rate follows cheap power, regardless of politics or laws. With POS, there would have been no great miner migration in 2017-2021 and Bitcoin would have become a chinese permissioned ledger. However, thanks to POW, miners simply migrated and proved that not even China can touch a POW Bitcoin.
Literally cancer. POS would be the death of Bitcoin. With POW, hash rate follows cheap power, regardless of politics or laws. With POS, there would have been no great miner migration in 2017-2021 and Bitcoin would have become a chinese permissioned ledger. However, thanks to POW, miners simply migrated and proved that not even China can touch a POW Bitcoin.
You know that there was a time when one player (ghash.io mining pool) briefly reached over 50% of the mining power, making Bitcoin centralised for a while and they had to self-restrict to bring it below 50%? PoW is not some flawless wonder many like to think.
Whet's cancer is a cult-like behaviour of the community shunning any legit concerns and criticism and shrugging off any issues with no arguments.
And to those who think that there's nothing to worry about until 2140, here's the block reward schedule showing that (depending on the price) the block rewards can become insignificant in our lifetime: