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by Tenoke 1895 days ago
>I'm horrendously worried about crypto gaining more marketshare as long as proof of work crypto remains mainstream.

It's not really remaining mainstream. Bitcoin is soon going to be the only big project (in terms of electricity used) with it. The industry as a whole is moving away from it quite fast at this rate, with ETH (second biggest) moving to PoS within a year, and almost every new project being a or on a non-PoW chain.
3 comments
PragmaticPulp 1895 days ago
The problem is that Bitcoin miners and investors have a huge incentive to keep the status quo.

Bitcoin is no longer the scrappy renegade alternative currency. It's big business now, with big institutional money behind it. The investors in these Bitcoin businesses do not want to see Bitcoin fall out of favor, and they're going to do everything in their power to keep it popular and profitable to mine.

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Tenoke 1895 days ago
Sure, but that's a Bitcoin problem not a crypto as a whole problem.

And let's face it - all the projects being built on crypto which can cause it to grow much further cannot be built on Bitcoin in the first place.

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randomopining 1895 days ago
STX - Stacks is built on top of Bitcoin and allows smart contracts through proof of transfer.
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bko 1895 days ago
Bitcoin and Ethereum are two entirely different value propositions. Ethereum is a lot more controlled by a central body, moves a lot faster and is optimized for entirely different things (flexibility, scale, building apps, etc).

You can't substitute one for the other. Both will likely continue to exist indefinitely.

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randomguy5421 1895 days ago
Eth is always moving to POS ---> THIS YEAR.\

Believe it when I see it.

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rauljordan2020 1895 days ago
It is already live since December 1st, 2020 https://beaconcha.in. The next step is to perform the actual "merge" from PoW to PoS which will happen this year
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