I have been a staunch supporter of Bitcoin Cash since its inception. It was always clear to me that the fundamental design of bitcoin was cheap transactions and the goal was to scale for global adoption.
HOWEVER, I am have become increasingly concerned with the environmental impact of mining.
https://digiconomist.net/bitcoin-energy-consumption
Would BCH’s energy-foot print be comparable to or even greater than BTC’s if it became widely adopted? Until recently I understood proof-of-work energy consumption as necessary and justifiable for replacing traditional monetary systems. But proof-of-stake systems call that into question.
Many blockchains are demonstrating successful implementations of PoS... these systems use an inconsequential amount of energy compared to PoW, not to mention eliminating physical waste and empowering everyday holders.
If proof-of-stake is demonstrably secure, could BCH adopt it? Aught the future of digital money be not only socially responsible, but environmentally responsible as well?
Thinking about the potentially unnecessary energy consumption of a globally adopted cryptocurrency makes me doubt BCH for the first time, and the current trajectory of the Bitcoin project altogether.
Would love to hear your thoughts /r/btc community! 💎
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source https://www.reddit.com/r/btc/comments/lpfsxl/is_proofofwork_environmentally_responsible/
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