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Subject: [bitcoin-dev] Opinion on proof of stake in future
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Hello list,
I am a lurker here and like many of you I worry about the energy usage of b=
itcoin mining. I understand a lot mining happens with renewable resources b=
ut the impact is still high.
I want to get your opinion on implementing proof of stake for bitcoin minin=
g in future. For now, proof of stake is still untested and not battle teste=
d like proof of work. Though someday it will be.
In the following years we'll be seeing proof of stake being implemented. Sm=
aller networks can test PoS which is a luxury bitcoin can't afford. Here's =
how I see this the possibilities:
1 - Proof of stake isn't a good enough security mechanism
2 - Proof of state is a good security mechanism and works as intended
IF PoS turns out to be good after battle testing, would you consider implem=
enting it for Bitcoin? I understand this would invoke a lot of controversie=
s and a hard fork that no one likes. But its important enough to consider a=
hard fork. What are your opinions provided PoS does work?
Love from India.
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