I have been using crypto since 2017, made plenty of dumb trades which caused me to lose out a lot. Currently my portfolio is about 80% BTC and while the new USA admin seems they may do more damage than good to the crypto space I’m still positive about Bitcoin.

This sub seems like a meme or anti-btc sub mostly. Anybody here who isn’t that way?

  • Sibshops@lemm.eeEnglish
    2·
    2 months ago

    True, I agree that PoS has tradeoffs and isn’t a perfect solution. And I totally understand that Bitcoin has lots of reasons to stick with PoW. I was speaking more generally about resilience and security in PoW vs. PoS.

    I don’t think what happened to Ethereum is a fair comparison, because PoW doesn’t have finality to begin with. When Ethereum temporarily lost finality, it just reverted to a PoW-like model, where finality is probabilistic. It was a degradation, not a catastrophic failure.