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A comment on Tesla no longer accepts Bitcoin due to climate impact. Parent comment

Re:Tesla no longer accepts Bitcoin due to climate impact by dragonwriter on Thursday May 13, 2021 @04:09AM (#27139637)
> Proof of stake is validation-by-the-rich

But so is proof-of-work. PoS is weighted by how much wealth you’ve got at risk in the system, PoW by how much you have currently tied up supporting the system’s infrastructure. So, they look at different uses of wealth, but both are looking at wealth.

Proof-of-X is pretty invariably “Wealth, applied to X”, especially if the system ever becomes even loosely recognized as money-like.

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Re:Tesla no longer accepts Bitcoin due to climate impact by wraptile on Thursday May 13, 2021 @04:22AM (#27139740)
Exactly, proof of work is even more for rich because it's all about availability to processors and cheap energy - guess who has that? super rich and corrupt.

Proof of Stake is validation by faith in the network which is infinitely more reliable and fair. In fact it's much more alligned with bitcoins philosophy of positive-greed than proof of work is in the current day. Heads of PoS need the network healthy for their assets to be healthy - heads of PoW can rotate shitcoins every month since they mine all the same.

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