Important to keep in mind:
Bitcoin's Proof-of-Work was invented to escape Proof-of-Stake financial systems, where the largest asset owners can unduly influence the rules of the game.
Thanks to PoW + full nodes, neither miners nor the biggest BTC hodlers can change the protocol.
Bitcoin's Proof-of-Work was invented to escape Proof-of-Stake financial systems, where the largest asset owners can unduly influence the rules of the game.
Thanks to PoW + full nodes, neither miners nor the biggest BTC hodlers can change the protocol.
In the coming year, we will see many people increasingly try to argue that Bitcoin should shift to Proof-of-Stake for various reasons.
This would defeat the entire purpose of Bitcoin.
This would defeat the entire purpose of Bitcoin.
Most recently, @Noahpinion argued that Bitcoin should move to Proof-of-Stake in Bloomberg.
By doing so he demonstrates that he does not understand how or why Bitcoin work.
@nic__carter did a great job dismantling his argument here:
medium.com/@nic__carter/n…
By doing so he demonstrates that he does not understand how or why Bitcoin work.
@nic__carter did a great job dismantling his argument here:
medium.com/@nic__carter/n…
"Ethereum is moving to Proof-of-Stake to save the planet, why won't Bitcoin do the same?"
You will hear a lot of this nonsense in the coming years.
You will hear a lot of this nonsense in the coming years.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
