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> Banning PoW mining in the US could somehow incentivise towards a PoS transition, like with Ethereum. I don’t see that happening for Bitcoin. Sorry. It won't
by anonporridge 4y ago
> Banning PoW mining in the US could somehow incentivise towards a PoS transition, like with Ethereum. I don’t see that happening for Bitcoin. Sorry.
It won't happen for bitcoin. PoW is such a fundamentally intrinsic part of what bitcoin is, that a transition to PoS will never happen, nor would it be desirable for most bitcoin holders who actively believe PoW to be the intrinsically interesting invention, and PoS to simply be a slight iteration of the old system. PoW was never a fundamental part of what ethereum was, because ethereum is fundamentally just whatever Vitalik and team and their early investors want it to be.
Ethereum, or any other PoS token, isn't a real alternative to bitcoin. It's something else that covers different use cases, and I'm still not sure what those use cases are.