use their staking pools to stake their coins, making the block | r/Bitcoin

use their staking pools to stake their coins, making the blockchain extremely vulnerable and insecure.

There are frankly so many other glaring inefficiencies with the staking model which I really cannot get into at once, including things like indeterminable cost of attack and inevitable centralization of jurisdiction over stake-slashing.

We need to stop letting wilfully ignorant mainstream media with thinly-veiled agendas dragoon us into adopting centralized, undemocratic, inefficient, basically bullshit protocols which they can easily take over.

All blockchains except Bitcoin have a central figurehead/supreme leader. I sincerely hope for the sake of people investing in these projects that these leaders carefully consider the glaring and crippling demerits of transitioning to such a flawed consensus model.

I do believe most of these blockchains make compromises to somehow distinguish themselves and say, "look we're faster, scalable etc." but it's ultimately a self-defeating gambit.

If the energy expenditure of gold mining, the banking system and, I must include this, rocket-launching are essential, then Bitcoin's energy expenditure is, in my personal opinion, the more essential expenditure of energy in the 7000-year history of money. It has the potential to efficiently replace gold & the banking system! Let's embrace renewables, but not be so ignorant to say proof of work wastes energy.

So Bitcoin could actually effect a net reduction in energy expenditure for human value exchange besides finally "taking the thing out of the hands of government."

Decentralization tolerates no compromise.

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