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RE: Should Bitcoin switch from PoW to PoS?

in LeoFinance3 years ago

I wouldn't say it's about philosophy either.

It's simply about what the market determines as best.

In the case of crypto, the market has decided that Bitcoin, using its extremely secure/energy-intensive PoW consensus model, is the way to go.

Anyone and everyone is not only free to use greener, altcoins, but also free to fork the open source Bitcoin code and make the changes they see fit.

The market is all that matters.

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I don't disagree.

I would like like to address the free market real quick since it was brought up. To anyone reading who cares:

To have options you need options to begin with, it's not just about being told you have options or being able to imagine it. I feel that humanity, at the very least, needs to be able to evidence that having options is possible for us. Some crypto projects (business models) will survive and others won't, like just any other industry, like any enterprise.

Don't be discouraged by a single failed business. A mistake is a lesson learned.

Sound advice :)

Thanks for taking the time to add value to the post here in the comments!

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