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Once mining ends, in 2140 (for which we will be long dead), I am confident that people will figure out what to do from there. All the incentives are aligned and

Once mining ends, in 2140 (for which we will be long dead), I am confident that people will figure out what to do from there. All the incentives are aligned and yes, it can be changed if 51% of the miners agree to it. Most miners mine to a pool. It is the pools that keep the ledger in memory as they have to host a full node. You're wrong about storage/compute being pushed to their limits. BTC chain is only 622GB. I'm talking about utility in the sense of within the ecosystem. As far as I'm concerned wrapped BTC is the future. As long as it is on a PoS chain, it is free of the energy argument too. I'm not writing anything off. He's president and you can't get around that. I didn't vote for him, but I'm certainly not going to sit around whining about it. > I do short it - I sold my ETH, Chainlink and Bitcoin years ago. That's not shorting it. Shorting it would be to borrow Bitcoin, sell for USD, hoping to buy it back for cheaper and then pocket the difference. If you had done that years ago, you would have lost. Your long rambling personal story rant is nice and all but... ¯\_(ツ)_/¯, it just makes you sound angry at your previous decisions and losses. Fact is the price of BTC just hit a new ATH again, today at $103k. That doesn't imply death to me. You might consider taking a step back and realizing that your family members that you seem to hate so much, might be right.

chii 2y ago
> on a PoS i am unconvinced of the idea of PoS as a proof. Nothing will defeat proof of work in my mind.
- latchkey 2y ago
  I was unconvinced as well, but then the devs pulled it off. In a heartbeat (or block), a whole network switched consensus models, and didn't die. In my eyes, that's like moon shot level skills. I became a believer. I ran a 150k GPU ethereum mining operation. I was unconvinced they could pull it off. In that heart beat, they also decimated the entire GPU mining industry, not just for ETH. But, a whole ton of chains that aren't even under consideration in this bull run. All that power, estimated at 18-25m GPUs, given back to the grid. They "solved" a huge problem with crypto. I also could have invested in the ICO, but I didn't believe some kid with questionable coding skills could build a chain to compete with bitcoin. I guess what I'm trying to say is that convincing yourself isn't always the thing that should be in your way. Is the risk convincing yourself or is it just diving in and accepting things the way they are, or working to make them better.

chii 2y ago

> on a PoS i am unconvinced of the idea of PoS as a proof. Nothing will defeat proof of work in my mind.

latchkey 2y ago
I was unconvinced as well, but then the devs pulled it off. In a heartbeat (or block), a whole network switched consensus models, and didn't die. In my eyes, that's like moon shot level skills. I became a believer. I ran a 150k GPU ethereum mining operation. I was unconvinced they could pull it off. In that heart beat, they also decimated the entire GPU mining industry, not just for ETH. But, a whole ton of chains that aren't even under consideration in this bull run. All that power, estimated at 18-25m GPUs, given back to the grid. They "solved" a huge problem with crypto. I also could have invested in the ICO, but I didn't believe some kid with questionable coding skills could build a chain to compete with bitcoin. I guess what I'm trying to say is that convincing yourself isn't always the thing that should be in your way. Is the risk convincing yourself or is it just diving in and accepting things the way they are, or working to make them better.