20 sats \ 4 replies \ @grayruby 1 Sep 2023 \ on: If BTC changes to POS, Would you sell all your BTC? bitcoin
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.
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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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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What the fuck are you talking about
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Pourquoi
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