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by atweiden 1845 days ago
Unfortunately, oweing to the fierce competition in the Bitcoin space, it’s long since become difficult for onlookers to distinguish between an argument of the form “PoW bad, PoS good, insert weakly anti-PoS sentiment as controlled opposition here to end up with a pro-PoS post”, and furtive PoS astroturfing — which has proliferated as of late.

As someone who has long been all too familiar with the various sophistry tactics commonly employed by Bitcoin’s competition, frankly that was my impression of your post. I apologize if I misread your intent.

> This is inherent to the PoW consensus. Satoshi Nakamoto himself even said Bitcoin would end up in data centers because of this property

Bitcoin wouldn’t have ever warranted industrial scale mining operations if not for BTC’s significant price appreciation. But PoW systems were never guaranteed to be commercially successful. It’s perfectly possible for Bitcoin to once again become CPU mineable on ordinary Windows PCs — assuming its market price collapses.

1 comments

I also interpreted the post as arguing PoS is more censorship resistant than PoW.

I regularily receive a silly critic, which I always take the time to debunk, and then often get told "it was joke.. come on".

We live interesting times.

Edit: Not questioning the honesty of the author, the clarification is legit.