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1917 sats \ 2 replies \ @ek 1 Sep 2023
I would sell my PoS coins for PoW coins
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10 sats \ 1 reply \ @eespn OP 1 Sep 2023
+1
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7 sats \ 0 replies \ @BitcoinIsTheFuture 2 Sep 2023
100%
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20 sats \ 4 replies \ @grayruby 1 Sep 2023
It depends when it occurred. I don't see mere capital as a sufficient way to secure the network in a world of infinite fiat but if we were on a bitcoin standard and had limited supply money that people/governments can't manipulate and acquire for nothing, it might be more feasible. There still would be a concern over a nation state being able to acquire a massive amount of stake by confiscating it from its citizens.
Maybe some sort of hybrid of PoW/PoS will emerge at some point.
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17 sats \ 0 replies \ @rod 1 Sep 2023
Recommended read, here I share my two cents about the treat of the ETF and how the financial powers could try controlling Bitcoin:
#226279
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10 sats \ 0 replies \ @netstatic 1 Sep 2023
PoS also opens the doors to equivocation from block signers. The tradeoff is not just the scarcity of the resource used to secure the network, but also the strength of the claims to finality.
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0 sats \ 1 reply \ @sudonaka 1 Sep 2023
What the fuck are you talking about
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0 sats \ 0 replies \ @grayruby 2 Sep 2023
Pourquoi
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156 sats \ 1 reply \ @OC 1 Sep 2023
It wouldn't be Bitcoin at that point. It would be just another PoS shitcoin
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84 sats \ 0 replies \ @eespn OP 1 Sep 2023
+1
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112 sats \ 0 replies \ @DeltaClimbs 2 Sep 2023
Bitcoin can't change to PoS. That's called a hardfork and whatever this PoS shitcoin is, it would not be bitcoin. I would sell that Piece of Shit right away for bitcoin. There have been >100 hard forks off of Bitcoin. Sometimes they make a little noise before no one cares, but you probably wouldn't even know if one happens today!
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39 sats \ 2 replies \ @eduardopro 1 Sep 2023
Of course, because it would mean that the bitcoin experiment failed.
POS is ridiculous beyond a shadow of a doubt, if you really think about it.
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7 sats \ 0 replies \ @rod 1 Sep 2023
100%
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0 sats \ 0 replies \ @eespn OP 1 Sep 2023
+1
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70 sats \ 1 reply \ @Marcus_Cicero 1 Sep 2023
Bitcoin is POW.
My node will not validate POS blocks
Therefore Bitcoin will always be POW
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0 sats \ 0 replies \ @eespn OP 2 Sep 2023
+1
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17 sats \ 1 reply \ @kepford 1 Sep 2023
Will never happen... but yeah I would dump the fork coins. Let's just say if I thought this was likely I would not be someone in bitcoin.
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0 sats \ 0 replies \ @eespn OP 1 Sep 2023
+1
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49 sats \ 0 replies \ @82e78180a1 2 Sep 2023
That will not happen, such a code will never get close to my node.
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7 sats \ 2 replies \ @1c8c319862 2 Sep 2023
I'd make sure to spin up a few more nodes and signal POW only, the I'd dump my POS coins for POW coins on the market
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7 sats \ 1 reply \ @1c8c319862 2 Sep 2023
The following does not have to do with OPs question, but I'd love to share some thoughts anyway.
Do your rememebr waht happend during the last cycle? There was a huge POS (Piece of Shit) attack coming from shitcoiners. Specifically ethheads, who were marketing their ultra-sound-money POS (Piece of Shit), in such a way, that it supposedly is better than POW coins. They even went so far as to call for the "flippening" and believed that their POS (Piece of Shit) would be crowned the new King. However, their attack failed and their next attack will fail again.
If you come for the King, you better not miss.
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0 sats \ 0 replies \ @eespn OP 2 Sep 2023
+1
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7 sats \ 0 replies \ @wacher 2 Sep 2023
The newly created money is sent to the original currency holders, which sounds very evil. Bitcoin that becomes Proof-of-Stake is not Bitcoin anymore.
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7 sats \ 0 replies \ @sandagoriate 1 Sep 2023
Proof of Sh**
BTC stronger is BTC POW!
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7 sats \ 0 replies \ @kdnolan 1 Sep 2023
PoS tried to kill the Bitcoin... Ha-ha-ha-ha
They FAILED, as they were thrown to the ground.
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7 sats \ 1 reply \ @rod 1 Sep 2023
Yes
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0 sats \ 0 replies \ @eespn OP 1 Sep 2023
+1
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7 sats \ 1 reply \ @siggy47 1 Sep 2023
Yes
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0 sats \ 0 replies \ @eespn OP 1 Sep 2023
+1
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0 sats \ 0 replies \ @patrick2 2 Sep 2023
There is literally no chance of this happening chiefly because it would cause a mass sell-off.
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0 sats \ 0 replies \ @2bithits 2 Sep 2023
That sounds like an airdrop
I'd likely sell around 80% of PoS BTC & then the rest when it fails.
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0 sats \ 0 replies \ @4rge 17 Oct freebie
Swap to xmr and turn on every device as a miner