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Bitcoin To Move To Proof Of Stake (POS); Mining Monero On Phones; Euro Recession To Be Worse

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https://cointelegraph.com/news/bitcoin-will-follow-ethereum-and-move-to-proof-of-stake-says-bitcoin-suisse-founder

Bitcoin To Move To Proof Of Stake (POS); Mining Monero On Phones; Euro Recession To Be Worse

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9 Comments

  1. Bitcoin is extremely centralised, due to only 8 large miners verifying all the Bitcoin transactions. Then if you check to see who owns these 8 large miners you will see that its even less than 8 identities.

  2. I could imagine using monero mining on the HTC as a kind of lottery when charging the battery. Solo mining: Maybe some day you wake up and have mined 2 XMR. You help the network decentralise and have a very small chance to win.

  3. It's really interesting to think of how bitcoin will evolve over time… I'm starting to think the ability of networks to evolve and progress over time will ultimately determine their staying power and long-term value

  4. I could see staking and running micro nodes on phones. (Collectively running a mother node from the cell provider) Mining not so much.

  5. Hardware becomes inherently efficient due to Moore’s Law, the halving aside from the economics in terms of value, also cleanses the mining network of inefficient miners. There are intrinsic advantages of POW over POS. Charles Hoskinson has spoken about this several times which is why he supports ETC which is POW. ETC has the POW qualities of BTC with the smart-contract qualities of ETH.Niklas is a smart individual and understands the value of a hard capped assets like BTC, but he has no experience in mining (although he has a software background) his experience in mainly in fintech.

  6. BTC will never.. repeat never be PoS. Anyone who tried to help innovate including IOHK was rejected from BTC. So PoS 100% not happening

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