POS instead POW

[Sputnik_]

With PoS, the more coins you hold, the more power you have over the network. Now think of the huge exchanges such as Coinbase and Binance — think about how much power they'd have. Bitcoin with PoS is simply a disaster.

Can't argue with the many similar posts that POS is not an option for BTC. While other coins have this proof-of-stake mechanism BTC is simply too valuable to engage in such without being detrimental to the rest of the holders.

Remember, BTC is all about decentralisation and moving away from the 'one man' monopoly.

Lets not pretend like Bitcoin is not  " the one man monopoly" as you put it. If you have the most fiat you can buy the MOST Bitcoin. If you have the largest Bitcoin mining operation you generate the most Bitcoin in rewards. This is the way of the world! No amount of decentralization will change that. Bitcoin cannot change ALL of the dynamic of humanity or our society. It has vast potential but human nature is what it is.The one thing we can change is the mechanism the value Bitcoin holds is powered by. Is it powered by SLOW environmentally unsustainable POW core or a environmentally sustainable FASTER POS

No you are wrong, and anyone else that champions for PoS

Its a piece of shit tech that doesn't work.

If you want centralisation then go buy frequent flyer points.


Its people like you that will ruin the entire crypto sphere.



POW has created the most secure financial system on earth - and it will keep it that way.


Elon and people like you want to destroy that.

You are the enemy of BTC. So kindly take your BS and fuck off kid.

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[TangentC]

With PoS, the more coins you hold, the more power you have over the network. Now think of the huge exchanges such as Coinbase and Binance — think about how much power they'd have. Bitcoin with PoS is simply a disaster.

Can't argue with the many similar posts that POS is not an option for BTC. While other coins have this proof-of-stake mechanism BTC is simply too valuable to engage in such without being detrimental to the rest of the holders.

Remember, BTC is all about decentralisation and moving away from the 'one man' monopoly.

Lets not pretend like Bitcoin is not  " the one man monopoly" as you put it. If you have the most fiat you can buy the MOST Bitcoin. If you have the largest Bitcoin mining operation you generate the most Bitcoin in rewards. This is the way of the world! No amount of decentralization will change that. Bitcoin cannot change ALL of the dynamic of humanity or our society. It has vast potential but human nature is what it is.The one thing we can change is the mechanism the value Bitcoin holds is powered by. Is it powered by SLOW environmentally unsustainable POW core or a environmentally sustainable FASTER POS

No you are wrong, and anyone else that champions for PoS

Its a piece of shit tech that doesn't work.

If you want centralization then go buy frequent flyer points.


Its people like you that will ruin the entire crypto sphere.



POW has created the most secure financial system on earth - and it will keep it that way.


Elon and people like you want to destroy that.

You are the enemy of BTC. So kindly take your BS and fuck off kid.

Yep , all altcoins are the enemy of BTC,
Because Bitcoiners cultist consider anything not bitcoin a shitcoin.

Those so called shitcoins offer
Smart contracts
Energy Efficient
Higher Onchain Transaction capacity
Lower Transaction fees

Bitcoin offers a false religion that occurs because it was the 1st.
Bitcoin is an 8 track tape, old and outdated.

Top 5 coins on CMK
Only Bitcoin is sticking with Proof of Waste
Others such as Cardano are already Proof of Stake and ethereum is in transition to PoS.
Times and Tech have changed since the glory days of your Penguin shooting AKs.

FYI:
Nice to see our favorite shit-talking Canadian bitcoiner is doing well.    

[jossiel]

It has been tackled many times years ago and it simply cannot happen.

There's more security if bitcoin remains PoW and that's why it had never changed. We know that PoS is very promising and that's why ETH is going on it for its ETH 2.0.

But if it's about network security, PoW is giving that.

[Bitcoin-Eco]

With PoS, the more coins you hold, the more power you have over the network. Now think of the huge exchanges such as Coinbase and Binance — think about how much power they'd have. Bitcoin with PoS is simply a disaster.

Can't argue with the many similar posts that POS is not an option for BTC. While other coins have this proof-of-stake mechanism BTC is simply too valuable to engage in such without being detrimental to the rest of the holders.

Remember, BTC is all about decentralisation and moving away from the 'one man' monopoly.

Lets not pretend like Bitcoin is not  " the one man monopoly" as you put it. If you have the most fiat you can buy the MOST Bitcoin. If you have the largest Bitcoin mining operation you generate the most Bitcoin in rewards. This is the way of the world! No amount of decentralization will change that. Bitcoin cannot change ALL of the dynamic of humanity or our society. It has vast potential but human nature is what it is.The one thing we can change is the mechanism the value Bitcoin holds is powered by. Is it powered by SLOW environmentally unsustainable POW core or a environmentally sustainable FASTER POS

No you are wrong, and anyone else that champions for PoS

Its a piece of shit tech that doesn't work.

If you want centralisation then go buy frequent flyer points.


Its people like you that will ruin the entire crypto sphere.



POW has created the most secure financial system on earth - and it will keep it that way.


Elon and people like you want to destroy that.

You are the enemy of BTC. So kindly take your BS and fuck off kid.

Your choice of vernacular and general way of thinking . No point arguing . Have a good day. Hope everything works out for you.

[vacsim]

Will BTC ever be able to switch to the POS consensus algorithm?

All debates about which model is better aside, Bitcoin cannot switch to POS and still remain Bitcoin. Switching to POS would cause a hard fork and Bitcoin as we know it would continue on.

[Karartma1]

All the worst failed altcoin of the post have these few things in common:
1) they got pre-mined (ETH Checks)
2) the went POW first (ETH Checks)
3) they switched to POS (ETH will check soon).
and then it was checkmate and exit scam.
Cinnicoin, silkcoin, dmd do you remember some of these?
Stick your POS dreams up your arse.

So because others have failed, scammed or fallen short... just stop trying to build a better Bitcoin? Your Personal Text suggest never give up.  Your sending mixed signals. What is is? “Be Revolutionary” only when its easy and quit when its hard? To Be Revolutionary when thing work out perfectly and quit when things get complicated or don't go according to plan?

You can be Revolutionary while keep building on top of Bitcoin or you can die trying to replace Bitcoin.
As simple as that, no mixed signal just the truth.

Bitcoin's creator has got no personal benefits from the invention while all the other coin creators did that to profit. And don't be naive, please. Don't come and tell me they did it for our own good and for the a sustainable future.