A Bitcoiner's Guide to Proof of Stake - by Scott Sullivan
Normally Bitcoiners don’t care too much about what goes on in shitcoin-land, but now that Ethereum has merged to Proof-of-Stake (PoS), there’s been quite the buzz on Bitcoin Twitter. Of course the Bitcoin network itself will remain unaffected, but I think this “upgrade” is still worth paying some attention to. Now that Ethereum has cleansed itself of the “dirty” and “wasteful” externalities associated with Proof-of-Work (PoW), we can expect the gloves to come off in the narrative war, and I think Bitcoiners should be ready to punch back.
Normally Bitcoiners don’t care too much about what goes on in shitcoin-land, but now that Ethereum has merged to Proof-of-Stake (PoS), there’s been quite the buzz on Bitcoin Twitter. Of course the Bitcoin network itself will remain unaffected, but I think this “upgrade” is still worth paying some attention to. Now that Ethereum has cleansed itself of the “dirty” and “wasteful” externalities associated with Proof-of-Work (PoW), we can expect the gloves to come off in the narrative war, and I think Bitcoiners should be ready to punch back. Learning how PoS works is a really good way to…
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