nbearableus
nbearableus t1_izbamrq wrote
Reply to comment by IsThereAnythingLeft- in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
Bitcoins purpose is to send value via blockchain, across the Internet, without central control
POS essentially centralises it to a number of large holders.
Like it or not, blockchain is here to stay and will be the fulcrum of the new monetary system ie. CBDCs
nbearableus t1_izaeqdy wrote
Reply to Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
Doing that would totally negate bitcoins purpose, at that point you'd use dlt and save all the energy.
nbearableus t1_izbisyx wrote
Reply to comment by IsThereAnythingLeft- in Ethereum’s energy switch saves as much electricity as entire Ireland uses | The success of The Merge concept may now serve as a roadmap to enable a switch from Proof of Work to Proof of Stake in Bitcoin. by chrisdh79
So it has a purpose. It absolutely has failed, now treated as speculative asset.
Yes there is essentially no difference except I can mine but I don't have enough eth to be of use in pos.