Njaa
Njaa t1_izebbhq wrote
Reply to comment by shadowrun456 in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
These are all arguments for why you think it's a bad idea, not arguments for why it couldn't be done.
Also, considering how critical Vitalik has been towards Russia's imperialism - to the point where he openly laments not being able to return to the country until after a regime change - I question the sincerity of your attempt to paint him as some sort of agent for Putin.
Njaa t1_izdtwxk wrote
Reply to comment by SirSteelBuns in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
>Bitcoiners won't do it but they absolutely could, just like Ethereum did.
This was the original claim that you reacted to. We all agree that Bitcoiners won't do it.
It seems that we now agree that they could do it.
Your last question is why they would do it.
These are all vastly different topics, but if you wanna talk about the merits of PoS, we can change the topic.
Njaa t1_izdtglb wrote
Reply to comment by SirSteelBuns in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
>There is no active development
The client is still being updated regularly, and the most recent consensus change happened way after Satoshi left the project. The latest hardfork was in 2017, and the latest intentional compatibility breaking consensus change was in 2013.
It's true that there hasn't been significant changes in the past years, but this is a matter of lacking motivation from the community. It would still be entirely possible if they wanted to do it, which is what the poster above said in the first place.
Njaa t1_izdsk20 wrote
Reply to comment by SirSteelBuns in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
I'm actually very familiar with the document titled "a peer-to-peer electronic cash system". It doesn't contain any reason why this would be impossible.
Ethereum just made the change from PoW to PoS. Why would it be harder for Bitcoin?
Njaa t1_izbbpuz wrote
Reply to comment by nenoman in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
That depends on what you mean by "control".
Regardless of your stake, you cannot take money that isn't yours. At best, you can lose your entire stake in order to rewrite the ledger history if - and only if - you control more than two thirds of the entire total stake.
Njaa t1_izbaenu wrote
Reply to comment by ItsAConspiracy in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
The downvotes confuse me. How is this not an accurate statement?
Njaa t1_izba0mb wrote
Reply to comment by feelings_arent_facts in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
Sure, but that's an aspect of their culture, not their tech.
When people say "the basic elements of bitcoin or crypto in general", I would expect that to cover technical aspects, not just what the hivemind is currently thinking.
Njaa t1_ixqt16n wrote
Reply to comment by killadrix in Reuters: Global regulators to target crypto platforms after FTX crash by Globalist2
How do you suggest regulating things like DEXes, where no single person or entity has any control or insight beyond what is publiclaly available?
Njaa t1_izebmp9 wrote
Reply to comment by feelings_arent_facts in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
Yes, we agree on this point - but that's a different claim than what the original commenter was making:
>Bitcoin is not going to go PoS and anyone that actually thinks it will - or even can - doesn’t understand the most basic elements of bitcoin or crypto in general