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

> "transactions confirmed instantly" meaning Poisson(10 minutes), could easily be an hour

> security budget does the grains-of-rice-on-chess-board in reverse, toward zero

> all ways to fix this are Absolutely Haram

tough day to be a bitcoiner

was a great day actually

been that way for about 3 years

Real World Ethereum 🌎 
building /daimo ✳️ 

intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot

“fundamental underlying sustainability issues are fake news, look at this price chart”

who does this remind you of?