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0 sats \ 0 replies \ @RadVladdy 25 Apr 2023 \ parent \ on: The Fundamental Disconnect of PoW and PoS bitcoin
PoS works UNTIL IT DOESN'T. And it has a tendency to get corrupted and centralized over time. So that's a very short-term argument.
People don't care about this UNTIL THEY DO (their first rugpull). And PoS ALWAYS EVENTUALLY leads to the rugpull. Humans are gonna human.
NGL, it's probs gonna be a multi-decade slog. There will be regular setbacks, but we will have occasional victories.
The economics favors bitcoin. The fiat freaks cannot stop printing. Hopefully we can keep the faith and hang in there and do Satoshis work.
One thing I just started doing recently: Requiring my friends pay me and pay me back in bitcoin and I do the same to them. We need to insist that we use bitcoin with fam and friends. Get that circular economy going, as small as it may be.
GENESIS