“ POS is a single point of failure and won't scale.” - Jack Dorsey

Why is Dorsey such a Bitcoin maxi and blind to the innovations going on here?

Dorsey is a bad strategist as far as I can see. Bitcoin needs a lot of expensive transactions after the 5th halving to survive with PoW. The trends do not suggest that the commissions compensate the miners for their monetary motivation in any way after a significant reduction in emissions.

3 Likes

“That’s just like, your opinion, man”
-Lebowski

2 Likes

This is not an argument. No discussion of why PoS is a single point of failure or why it won’t scale; just assertion. I know it’s a tweet, but there’s no effort to persuade here; he’s just talking to people who already agree with him.

13 Likes

Wow, could not have said it better!

3 Likes