$365B wiped off cryptocurrency market after Tesla stops accepting Bitcoin

Re:$365B wiped off cryptocurrency market after Tesla stops a... by Siira on Thursday May 13, 2021 @05:43PM (#27147875)

The energy consumption is the only security mechanism Bitcoin has. It's impossible to drive it down.

PoS would be a completely different fork, and it's not clear how secure/censorship-proof it would be.

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Re:$365B wiped off cryptocurrency market after Tesla stops a... by rodiger on Thursday May 13, 2021 @05:51PM (#27147959)

Any protocol change is, by definition, a fork. If everyone says the new PoS Bitcoin is the real Bitcoin, then it is so.

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Re:$365B wiped off cryptocurrency market after Tesla stops a... by kofddfjdfdfdff on Thursday May 13, 2021 @06:25PM (#27148270)

But what would be incentives to using a PoS Bitcoin fork, as opposed to starting over with a fresh altcoin?

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Re:$365B wiped off cryptocurrency market after Tesla stops a... by Sargos on Thursday May 13, 2021 @11:22PM (#27150328)

You keep the existing network effects which are massive.

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