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0 sats \ 1 reply \ @Majjin 13 Jul 2022 \ parent \ on: Ethereum co-founder responds to PoS critics amid upcoming Merge bitcoin
Propaganda from the powers that be has convinced people that PoW is evil. The people who made the propaganda fear the power and status they'll lose if Bitcoin is widely adopted. They benefit directly from the fiat spigot.
Ya, yet Teslas are good. Bitcoin is mined using nice clean energy, yet Teslas are sold where someone may plug it in to a grid powered by coal or natural gas. Neither Bitcoin not Tesla are energy generation utility companies, yet one is somehow responsible for dirty energy utility companies... Makes zero sense. Proof of work converts energy into economic energy. Proof of stake is literally a snake eating its own tail. Like printing money.
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