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42 sats \ 1 reply \ @lightcoin OP 15 Feb 2024 \ parent \ on: Introducing Bitstake: A proof of stake bridge based on BitVM bitcoin
If they use proof of work then it would be called POW
Using proof of work for issuance of the staking asset is a separate process from staking itself.
Why would you burn precious BTCs?
As a provably-fair way of issuing the staking asset.
Wrapping Bitcoin on a proof of stake protocol is a big attack to Bitcoin and will prob fail.
Based on your comments so far it seems that you don't really understand what you're talking about, so maybe save your opinions and confident predictions of failure for a topic you're better educated on.
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0 sats \ 0 replies \ @piecover 19 Feb 2024
Go ahead do whatever you want with Bitcoin, I don't care, I only hope you succeed!
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