Nothing is wasted in POW , we are wasting more energy running our cars with 70% effeciency motors , no energy is wasted but converted to another form converted to digital money to help alot of ppl mining for a living, not some rich as* want to get richer on the cost of poor miners.
This is true. This is basically saying that NASCAR should be banned because all it does is waste oil to get cars to drive around in a circle all day.
The premise is correct. It needs to take energy to mine Bitcoins so it can hold its value. Since the energy is never free that is a good thing. It will ensure miner rewards which will be plenty which will keep the network secure.
I wouldn't trust POS either due to the centralization problem. Look at what is going on with EOS is a good example.
How so? Btc is centralized and owned by a single company called Bitmain. Eos is ruled by 21 node block producers that can be voted on and changed out. Not even bitmain can get their scammy hands on eos
Pow is absolutely wasteful energy, and those that are for it got a vested interest with cheap Power supply source. Thats the definition of centralized.
Stopped reading when you contradicted yourself by saying that EOS is decentralized.
By the definition you just described, EOS is centralized to the 21 node block producers. On the other hand, bitcoin is decentralized across the millions of miners who are mining on the network. Yes bitmain is selling hardware, but they control much less than your imagination dictates.
A bit off topic, but EOS seems to be a failed project, by the way. $4 billion USD in funding for what we are seeing, really? Can you shill to me why EOS needs that much money to build a blockchain?
When you mine on a pool you give up your power to that pool. Mining pools are very centralized. So saying millions of individual miners is decentralized is pure bullshit
Eos is a top 5 coin by marketcap. That's no failure. I don't need to shill Eos. The product speaks for itself.
