> There seems to be a cult of proof of stake haters with basically no deep knowledge of the consensus mechanism who bash it with increasingly inane arguments.
It’s not hard to see why: it’s an existential treat to Bitcoin that’s becoming more plausible every day. If PoS is proven to work at scale (e.g. with Eth2), it’s over, the energy usage of PoW will be unjustifiable. Disclaimer: I own a bit of BTC and ETH (50/50).
This seems inevitable, at this point. Barring a major transition failure, the fact that the Bitcoin devs and community seem to have no intention to even consider PoS (or anything else besides PoW) will likely ramp up narratives about Bitcoin's electricity usage and how Ethereum is a green, sustainable alternative, potentially causing the prices to get closer and generating a lot of very angry flamewars between both communities. These all already exist, but I think the dial's going to turn to 11.
It’s not hard to see why: it’s an existential treat to Bitcoin that’s becoming more plausible every day. If PoS is proven to work at scale (e.g. with Eth2), it’s over, the energy usage of PoW will be unjustifiable. Disclaimer: I own a bit of BTC and ETH (50/50).