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Bitcoin Will Never Change To Proof Of Stake

The beneath is a direct excerpt of Marty’s Bent Issue #1186: “They’re trying to ‘change the code’ again.” Sign up for the newsletter here.

Attacks to make Bitcoin change its issuance mechanism to proof of stake are futile. History has shown that this type of attack will not work.

Greenpeace and Ripple co-founder attacking Bitcoin’s PoW algorithm

We meet right here on this darkish nook of the Internet rather less than two months away from the fifth yr anniversary of the New York Agreement, which led to a Summer of heated battle between main companies within the Bitcoin area who believed they might instigate an arbitrary doubling of the block dimension and customers who vehemently opposed the transfer in favor of sentimental forking SegWit into the protocol. It appears that there are some on the market who didn’t be taught their lesson from this battle or just aren’t even conscious that it occurred. This is evidenced by the truth that Ripple’s co-founder Chris Larsen, who needs to be in jail (and could also be sooner or later this yr) for committing securities fraud, and Greenpeace, a company’s whose founder left when his child was co-opted by zealots, introduced their initiative to “change the code” of bitcoin.


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