I admit I don't know as many things about bitcoin as I would like to.
I am still hoping that the Proof of Stake will take over as it will be better for the planet overall and the security is still pretty good.
Great post again! Thanks for contributing!
You are viewing a single comment's thread from:
Hey @alexdory! Thanks for your reply, I‘m happy to hear that you liked my post! If you‘d like to read more about Bitcoin and how it works, you came to the right place! 😎 I guess I‘ll stick to Bitcoin for my next posts, before moving on to other projects like Ethereum (Smart Contracts) or Steem (Delegated Proof of Stake). Next stop the 51% attack! 🤓 I like the idea of proof of stake/alternative consensus algorithms and also see environmental advantages. Although, from an economic point of view, the situation stays the same: Effort strives towards the reward. I‘m very curious to see what people will come up with in order to maximize their share of the reward. Steemit/Steem serves as a good example of how this can play out, with all the good and bad side-effects. I‘m definitely going to have a closer look and will share my insights once I covered all the aspects of bitcoin that are still on my to-do list :)