Oddbean new post about | logout
 Interesting

https://nostrcheck.me/media/82bdee506e769ebc94ee2f362d07c1960dce40bac650d826a42f8e0c019c3c96/2845c8fa450b91ac472457c42f735aac8ee8e8b685191aac3e4aff54d6ecaf5f.webp 
 uncle powell gives me load 2 trillion dollar out of thin air - i can STAKE Viltalik and all his goons in my mastreo node
even out 99% coin is mined in POW - energy based hashing plays a big role for validation of blocks
what if Aramco BP TOTAL near energy takes over mining - aka hashing ? at the end it has profitable for them recover cost of dominance in hashing 
 I'm not defending POS, I just find it curious that this website you quoted represents it like that.

As a matter of fact this is something I've brought up a lot of times about a project like Cardano which, reading through their stuff and listening to them, sounds like they say they've produced a secure POS system, but I never get a clear and convincing explanation. So I remain firmly in the BTC POW camp.

 
 openAI chapt also will say POS is better 
 Q u need ask - 99% coin reward is mined - fight for reward makes no sense even if price is big
what n why motivation of hashing in BTC chain and not in other chains from fiat profit motive?
becos industrical  miners DONOT CARE  about bitcoin - they wanna covert wasted ENERGY BP ARAMCO TOTAL -> tangible FIAT PROFIT 
 HASH CAN REDUCE but should NEVER  FALL to make it easy of other large miners to 51% attack - provided people are still 905 coin ONCHAIN and not converted to ETF