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A comment on Bitcoin's fundamental value is negative given its environmental impact. Parent comment

Re:Bitcoin's fundamental value is negative given its environ... by wmf on Wednesday February 10, 2021 @02:26PM (#26093539)
Bitcoin will never change. In the future we'll probably see large amounts of BTC wrapped on Ethereum/Avalanche for DeFi trading.
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Re:Bitcoin's fundamental value is negative given its environ... by suikadayo on Wednesday February 10, 2021 @03:25PM (#26094241)
We’re already seeing more wrapped BTC on Ethereum, than there is BTC on Lightning, so that’s very telling.
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Re:Bitcoin's fundamental value is negative given its environ... by wmf on Wednesday February 10, 2021 @04:23PM (#26095014)
That makes sense; people want to hodl or trade, not spend.
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Re:Bitcoin's fundamental value is negative given its environ... by thebean11 on Wednesday February 10, 2021 @02:36PM (#26093632)
Bitcoin has undergone pretty massive updates in the last few years. Proof of stake doesn't seem that far fetched honestly.
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Re:Bitcoin's fundamental value is negative given its environ... by cesarb on Wednesday February 10, 2021 @03:14PM (#26094094)
AFAIK, none of the Bitcoin updates in the last few years is a "hard fork", that is, old nodes can still process valid blocks made by new nodes (though they might accept blocks which new nodes would reject). Changing from proof of work to proof of stake would require a hard fork.
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