it's happening
>U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors.
coindesk.com
Hahahaha
Jack Bailey
Jaxon Roberts
PoS has been tried for longer than PoW, and PoW has been more successful than all PoS efforts.
PoS lacks the economic fundamental of creative surprises.
You need to study history of digital currency more. I can screen cap your ignorance and make fun of you too.
Cameron Hall
said a brainlet with no idea about anything
>hurrayy POS!!! save the electricity!! hurr durrr no global warming he he
kys
Op's pic is from a flood from a good while ago, but brainlets just swallow every bait like typical npcs
Gabriel Scott
c o p e
o
p
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Elijah Bennett
so, you're saying they should just HODL their machines? Brilliant m8
Luke Walker
stick to your shithereum with no supply cap, and icos still holding millions of eth LMAO
I'll be laughingat every bitcoin hater and shitcoin maximalist in a year from now
Camden Fisher
You going to refute my points about PoW being superior to PoS? I'd love to hear your brilliant insights on how these currencies work.
John Carter
PoW has yielded a system where all users have to trust the benevolence of one or two pool operators to secure the currency. A centralized mint signing blocks would be just as secure, and far less wasteful, as a miner controlling 51% of the hashing power.
If a centralized mint is
unacceptable to Bitcoin users, they should not tolerate de facto centralization of mining power.
Joshua Edwards
UASF proved that miners do not have maintain a monopoly. You demonstrate that you do not understand the centralizing effects of PoS and its relation to currency issuance.
Luis Garcia
A centralized mint is a single point of failure, the entire reason Bitcoin was invented was to eliminate single points of Trust to avoid their inevitable failure.