It is pretty clear that Bitcoin as a blockchain is a colossal waste of energy. As BTC custody continues centralizing to a few ETFs, CEXs, institutions, in the long term >50% of BTC will be held by a handful of organisations

Might as well just cancel PoW and move to PoA at that point. It would actually be *more decentralized* as PoW will inevitably centralize over to a handful of industrial players and pools due to crippling economies of scale. Plus, it'll solve the security budget problem. As before, the full nodes will be there as the last line of defence irrespective

The only thing matters for BTC is it remains a speculative store-of-value, doesn't matter the mechanism to achieve that

It is pretty clear that Bitcoin as a blockchain is a colossal waste of energy. As BTC custody continues centralizing to a few ETFs, CEXs, institutions, in the long term >50% of BTC will be held by a handful of organisations

Might as well just cancel PoW and move to PoA at that point. It would actually be *more decentralized* as PoW will inevitably centralize over to a handful of industrial players and pools due to crippling economies of scale. Plus, it'll solve the security budget problem. As before, the full nodes will be there as the last line of defence irrespective

The only thing matters for BTC is it remains a speculative store-of-value, doesn't matter the mechanism to achieve that

https://x.com/i/trending/1885868663116296256

The whole idea of bitcoin was a decentralised digital cash. Then they sort of got a bit obsessed over the hard money aspect. Why not just take this idea and put it on ethereum for settlement?