If mining is dead... then Bitcoin is dead? I do not think so. Probably some will keep on mining even at a loss expecting the price to raise, and others will held nodes even though there isn't miners (they are doing that already I guess). Bitcoin will be interesting to use even at the actual prices or lower.
If there is no PoW mining, Bitcoin can convert to PoS mining. It will also save a lot of energy for the planet.
the enery of the mining is what give in part, the value to bitcoin, so it's beneficial and not a waste like many think
there are other major wast on the planet and no one is talking about them
If mining is dead... then Bitcoin is dead? I do not think so. Probably some will keep on mining even at a loss expecting the price to raise, and others will held nodes even though there isn't miners (they are doing that already I guess). Bitcoin will be interesting to use even at the actual prices or lower.
If there is no PoW mining, Bitcoin can convert to PoS mining. It will also save a lot of energy for the planet.
If bitcoin turn to Pow its price will surely drop as the difficulty of gaining bitcoin is not that hard.
bitcoin is already pow, what are you talking about?
I think he means PoS. The cost of PoS is lower than the PoW, so people tend to dump more PoS coins.
this because pos is not backed by energy consumption for the mining activity, so there is no deterrent that allow everyone to hold for a reason, there is no incentive to hold with pos basically
