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A comment on Most Salvadorans have already ditched their national Bitcoin wallets. Parent comment

Re:Most Salvadorans have already ditched their national Bitc... by zamalek on Wednesday May 04, 2022 @11:40AM (#31262033)
My personal belief is that PoW assets need to go away, and fast. That being said, the top five assets (based on market cap) are all PoW - most laymen (read: statespersons) are probably only aware of the top two, and Dogecoin.
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Re:Most Salvadorans have already ditched their national Bitc... by spinny on Wednesday May 04, 2022 @01:24PM (#31263370)
> the top five assets (based on market cap) are all PoW

That's because "pure" PoS is a pipe dream. For PoS to work the network needs to start with PoW or a pre-sale (ETH did both). Staking 0 value tokens doesn't work. PoW is the most efficient method to convert raw energy to a digital and secure token. The value off all BTC in existence === all energy spent since the genesis block

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Re:Most Salvadorans have already ditched their national Bitc... by iskander on Wednesday May 04, 2022 @12:35PM (#31262767)
Top five (non-stable) crypto assets:

1) BTC - PoW 2) ETH - PoW (but the Beacon chain PoS merge seems to be going well) 3) BNB - PoS-like 4) XRP - PoS 5) SOL - PoS

So of the top five really only BTC & ETH are PoW and soon it will just be BTC.

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Re:Most Salvadorans have already ditched their national Bitc... by randomhodler84 on Wednesday May 04, 2022 @02:20PM (#31264017)
It’s cute that you have that belief, however PoW is not going away. PoW is not some evil monster that is eating the world — however there are enemies of Bitcoin that would sell it to you as such.

All PoW miners are rational actors that choose to spend energy to secure the network. We can and should push that the energy is generated cleanly and renewably, thus pushing clean energy further as there is a clear incentive for use, regardless of external load or demand.

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