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zigradett | 4 years ago

Bitfinex (which has been outlawed in the USA) keeps printing Tether to prop up the price of Bitcoin, graphics cards are snatched up as soon as they are manufactured, and they're using an Argentina-sized amount of power to keep the whole thing going. Yes, it works, but no one on earth will ever use these Bitcoins to buy two pizzas ever again. What's the end-game, at this point? As many bagholders as possible?

discuss

gemexe|4 years ago

Who is using GPUs for bitcoin nowadays?

floatboth|4 years ago

Yes. Someday Tether will implode like all scams do. The results will be spectacular.

unknown|4 years ago

[deleted]

drcode|4 years ago

The end game is to transition to Proof of Stake, which doesn't have these problems and has other security advantages.

rfd4sgmk8u|4 years ago

Not for Bitcoin. PoS is a broken system that reinvents oligarchies. Proof of Work is the only secure protocol that works today -- possessing the real, desirable properties like decentralization and censorship resistance.

Don't tell me about vaporware ETH2.

The end goal for Bitcoin is Dyson spheres around stars. And it can be no other way.

phone8675309|4 years ago

Cool, when is Bitcoin moving to Proof of Stake? Before or after the FSF release Hurd?

colinmhayes|4 years ago

Bitcoin will never move to PoS. The community is far to fractured, without a leader they'll never agree.