[2022-09-15] In the US conservationists want BTC to switch to PoS too

[Betwrong]

I dont think the protest will succeed, Ethereum is at another level and I think it needs it more than Bitcoin. Ethereum has fewer developers than bitcoin with sole developers that can make unanimous decision. More so ethereum has unlimited supply of coin and many more problems to resolve, from high transaction fee, token economics etc

This project will not succeed primarily because at this stage, Bitcoin is not able to switch to the PoS algorithm. Whether bitcoin needs it or not, this question has always been debatable, but most developers have always insisted on the immutability of bitcoin in this matter. It should be noted that any changes to Bitcoin are very difficult for its developers to accept, since there has never been unity among them. Apparently, bitcoin will remain so, with the exception of minor changes. Whether this is good or not, time will tell.

I can't imagine how not switching to the PoS can be a bad thing. Proof-of-work is an amazing mechanism, invented in the 1990s but but actually belonging to the future. Criticizing it for the vast amount of electricity consumption is like criticizing an airplane for having wings. Yes, we should think of reducing CO2 emissions, but it should be done not at the expenses of abandoning new technologies.

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[Kakmakr]

This is absolute nonsense....

Proof of Stake will just make it easier for FIAT rich a$$holes and Bitcoin whales to monopolize Bitcoin mining. This will jeopardize the security and decentralization of the technology.    We currently still have smaller miners having some influence over the direction that mining are going, within the mining pools where they are dumping their hashing power and with PoS, only a bunch of rich people will have all the say. 

I think these environmental groups have to do some more research to see the real agenda behind this whole PoS hype that are spread by controlled mainstream media. Also, calculate the amount of "dirty" energy used by Banks and large financial firms... to see the bigger picture. 

[DooMAD]

This is absolute nonsense....

Proof of Stake will just make it easier for FIAT rich a$$holes and Bitcoin whales to monopolize Bitcoin mining. This will jeopardize the security and decentralization of the technology.    We currently still have smaller miners having some influence over the direction that mining are going, within the mining pools where they are dumping their hashing power and with PoS, only a bunch of rich people will have all the say. 

My first impression was that all this was just empty virtue-signalling from people who don't understand Bitcoin.  But I suppose we can't rule out the possibility that it's an orchestrated attack by those who do understand Bitcoin and how, in it's present form, it's impossible for them to control.  It's effectively a smear campaign, so it may well be an attempt (albeit a weak one) to co-opt Bitcoin.  Either way, it's not going to work.

[VanillaH]

My opinion is unpopular among my friends, but it's not because something is energy-intensive that it's necessarily bad. In exchange for Bitcoin's energy consumption, we have a decentralized, incorruptible and uncensorable ledger of financial transactions. That seems like a great deal to me!

[DooMAD]

My opinion is unpopular among my friends

I wouldn't place too much emphasis on opinions anyway.  Actions count for more.  Only the people who understand Bitcoin will go to the effort of running a node and that's what enforces the rules.  All this concern trolling from the lobbies is empty noise.  They're either going to do nothing but complain, or if they do take some form of action, they'll go about it in a totally ineffective manner, because they don't understand how any of this works.

[BlackHatCoiner]

Pretty much what DooMAD said above. Action is what matters, not words from clueless journalists and politicians. If they want Proof-of-Staked Bitcoin, they can have it. In fact, I endorse them try having it. Change a few lines, and fork the hell off the network. We don't hold anybody. If someone's so dumb that he refuses to acknowledge, let alone counter-argue, the immeasurable amount of arguments against Proof-of-Stake, let him be my guest.

Since actions speak for themselves, here's the beautiful, "environmentally-friendly", non-pump-and-dump of course, Proof-of-Staked Bitcoin fork: https://coinmarketcap.com/currencies/bitcoinpos/. The chart is even better.