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Jack Mallers Destroys Proof of Stake at Cry-pto Bloomberg Summit "It's a Liability...Creating Money Cannot be Free" | Bitcoin + Lightning is The Way | 7/19/2022

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He makes some very good points especially about someone like Blackrock buying control of the network.

It's what makes me nervous about PoS, if you empower a minority population over the majority with no consequence to the minority, the minority will use that power for their own benefit first before helping the majority. This is why PoW is better as everyone is on a level playing field.

Humans can be arseholes when push comes to shove.

Also I see energy usage of Bitcoin an asset, it encourages green energy use since it's cheaper. Free renewables will always win over dirty hyrdocarbon fuels that must be mined... making electricity more expensive will drive more people to use renewables.


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