Damus
Fiat Free · 3d
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Tauri | Bitcoin BLAKE2b profile picture
We don’t have to convince anyone. If we’re correct into assuming that things in Bitcoin-SHA256 are just going to get worse from now on, this means Bitcoin’s parabolic runs are over. There’s going to be a few pumps here and there, but you guys simply don’t understand: what the pools did on 8/8/26 is a de facto *moving from PoW to PoS*. See how this worked for Ethereum. The bigger the stake you have in Bitcoin from now on, the bigger your influence. And who has bigger influence than BlackRock, Saylor and a few others. The network of nodes is not stopping them at this point. Plebs will gradually realise this over the course of the next 5-6 years and either come to us by their own accord, or simply abandon Bitcoin altogether.
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mleku · 3d
I agree. It is like proof of stake. stakes on pos define who validates transactions and, crucially, give voting power on protocol change proposals. If the users have no say they become customers and the miners effectively become custodians. you have got me thinking now about how to mitigate this at...
Fiat Free · 3d
I like your train of thought here. It resonates. However, the fact remains that the new chain still relies on the network effect whereas with just a small amount of nodes and miners the chain is extremely vulnerable and can easily be toppled with just a few million or billion cuck bucks invested int...