Between @danheld and @LaurentMT, PoW is in safe hands. Laurent's latest is bang on the money. PoW enforces churn in the validator set, PoS enables incumbents to maintain a costless advantage.
1/ Most people think #Bitcoin’s PoW is "wasteful." I explore how everything is energy, money is energy, subjective use of energy, and PoW's costs relative to existing governance systems
For a deeper dive, my Medium post: https://t.co/a3wJW5Y1Ni
TL;DR - check out this t...
1/ Most people have misconceptions about PoW being "wasteful." Because this narrative is so popular, I've spent some time collecting my thoughts on its utility, efficiency, and morality. A thread: https://t.co/H8FsrqZFZ7
1/ Emin again with the BS that PoW’s role is merely a “Sybil-controlled mechanism”. (And therefore PoS is a reasonable drop-in replacement.)
It’s the classic mistake domain experts make when analyzing systems purely from their Point-of-View. https://t.co/6GLnPiGw...