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Whilst I think bitcoin will be around long term, it will be in somewhat of a precarious position once the proof of stake and high TPS blockchains start gatherin

Whilst I think bitcoin will be around long term, it will be in somewhat of a precarious position once the proof of stake and high TPS blockchains start gathering steam. Sticking with PoW long term is my only concern about Bitcoins ability to remain relevant. I'm more bullish on Ethereum, pending successful transition to V2. Also bullish on some of the emerging competitors to Ethereum; heterogeneity provides a healthier ecosystem.

ur-whale 6y ago
>Sticking with PoW long term is my only concern about Bitcoins ability to remain relevant. I share your concerns, and if the whole segwit debacle is any indication, getting Bitcoin to switch away from PoW will be a political nightmare. The only thing that might get such a hard-fork deployed on Bitcoin is an extinction-level threat from a sizable competitor (e.g. ETH).