ntoskrnl
Joined 4 years ago
Joined 4 years ago
Coming back down to earth, this is why ETH requires checkpoints[1], but PoW chains do not[2].
[1]: https://ethereum.org/en/developers/docs/consensus-mechanisms...
[2]: https://bitcoin.stackexchange.com/questions/75733/why-does-b...
PoW burns a lot of energy, but the algorithm has an elegant simplicity to it. Crucially, the _work_ is impossible to fake.
PoS (very roughly) means that the richest control the network... which seems reasonable. But suppose you decide to rewrite the blockchain to say you're the richest, do you then control the network? It's a circular loop, and defending against those kinds of attacks is dramatically more complex. I've been lightly following development and I get the sense they've been playing whack-a-mole with vulnerabilities and bugs since ~2016. It's hard to have confidence in the result.
According to this, the PoS schedule first slipped in 2017. (search for "snooze button")
First article I found: https://amishamerica.com/do-amish-use-telephones/
> He noted that since “the national bank is not really operating, crypto is helping to perform fast transfers, to make it very quick and get results almost immediately.”
That quote is pretty unambiguous. At least for a time, Ukraine benefited from a financial system with no central point of failure.
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Pornhub probably offers different payment methods depending on your jurisdiction. I don't know much about that industry, I was just quoting a thread from the day before where a few people confirmed.
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You're right that in a first world country, with reliable infrastructure, paying for uncontroversial products (note uncontroversial != legal), BTC will have more friction. Even if BTC is wildly successful, I'll be happy never to buy socks with it. But there's lots of adoption in other countries, and for fringe products like the ones you listed plus VPNs, "water pipes", etc.
And why are you asking for use cases "besides" these? That's the problem with these threads. Someone says "no use cases", then I list some use cases and cite my sources, then the next reply is "actually those don't count, please give me even more use cases!" Posting in these threads is exhausting.