> Just ask that bitcoin and other switch to PoS! It will not be immediate, so the current investments in hardware can be repaid, and there will be no value los

> Just ask that bitcoin and other switch to PoS! It will not be immediate, so the current investments in hardware can be repaid, and there will be no value lost. Miners almost certainly won't see it that way. "Oh so now you say that I can recoup my capital investment until 12/31/2024? Great, I will happily sign blocks that mark a transition to proof-of-stake." Miners would fork the coin at best. Or, rather, this new proof-of-stake coin would be considered the 'fork'. Serious design changes should be proposed via the process. For bitcoin, that's BIP [1]. This is just wishful thinking. Someone who proposes a 'ban' and not a design change is not genuinely motivated to supporting a decentralized currency. Why transition bitcoin at all? Just endorse PoS coins and if they're truly superior then they will take on more value and people will naturally transition. Metcalfe's law is difficult to overcome. However, the value should be apparent in an overall decrease of the network's CAPEX+OPEX. [1] https://github.com/bitcoin/bips/blob/master/README.mediawiki https://github.com/bitcoin/bips/blob/master/README.mediawiki