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What would you propose the Bitcoin core team should switch to? Have you looked into the other algorithms, the feasibility of migrating of the existing network,
by swensel 5y ago
What would you propose the Bitcoin core team should switch to? Have you looked into the other algorithms, the feasibility of migrating of the existing network, etc.? It sounds more to me like you've just written off cryptocurrency in general.
As far as I can tell PoW is the most proven consensus mechanism so far. PoS may be promising though. ETH2 successfully switching will be telling.
- kickopotomus 5y agoI haven't written off anything. PoW is inherently flawed. It does not scale and Bitcoin has proven that. Bitcoin averages ~300K transactions a day while using more energy than some countries. That is unacceptable.
- deleted 5y ago[deleted]