That's much better.
Uploaded yesterday, but he did mention a $9XXX
BTC, so obviously a bit older.
Very interesting to hear what he had to say about energy and proof of stake.
+1
WO's merit damn it.
I watched that less than 30 minute interview with Niklas Nikolajsen of Bitcoin Suisse, too, and I did have the impression that Niklas comes off as a very smart, thoughtful and likable guy..
However, I think that he is wrong about proof of stake, and his stated belief that bitcoin is going to ultimately transition to proof of stake. That is like crazy-talk and Niklas asserts such transition to proof of stake as if it were a given, but in the end, his assertion shows that even very smart, rich guys in the business side of the bitcoin (and ethereum) space, sometimes do not even understand what makes bitcoin valuable, which is proof of work.
So, yeah, that part of the interview kind of bothered me, and made me say "holy shit" on the inside
(and now sharing such "holy shit" assertion with you lovely #nohomo folks).
I actually agree with you, but don't think wrong of him, he is only talking his books. It's not ETH Suisse.
That being said, I cannot dismiss the chance of an Orwellian energy suffering world, were proof of stake can contribute.
In other words, even
BTC needs a bitch.
The current model of BTC is not broken, and bitcoin achieves its security and soundness of money and immutability through POW... it is the core... And, sure in 100 years there might be some empirical evidence that justifies some kind of tweak in which the transition from reward based mining to fee based mining is not seeming sufficient to secure the network.... but that is purely hypothetical, at this point, and there is nearly zero evidence to suggest either that bitcoin needs to transition into anything other than POW or the stronger statement that it will transition away from POW... almost laughingly ridiculous, which is the statement that niklas made. He's just wrong.
BTC's innovation and paradigm shifting contribution to the world is figuring out how to POW, so why would its whole
raison d'etre change? Makes close to zero senses in reality, but might make sense in terms of some kind of pie in the sky talking point that does not understand wha the fuck bitcoin is.