I wouldn’t worry too much. We have the majority of the nodes., right?
Discussion
A 'Climate Pandemic' could easily create a situation where Bitcoin PoS becomes the accepted "real" bitcoin.
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How?
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- Declare Climate Pandemic and force all businesses to reduce they carbon footprint below a stated level or face steep fines.
- Price of renewable energy materials and carbon offset credits go exponential. Businesses that cannot afford offsets or move to renewables fast enough go bankrupt. This includes MANY Bitcoin mining businesses.
- Hash rate lowers from mining bankruptcies, operation size reductions and hash location migration to friendlier regulatory jurisdictions.
- The bitcoin climate narrative turns ugly. A Bitcoin PoS fork I'd created.
- BlackRock, on behalf of all its investment clients, declares PoS Bitcoin the "real" bitcoin and swaps entire holdings into Bitcoin PoS.
- Bitcoin PoW price plummets, causing further panic selling and a huge loss in confidence and support for Bitcoin PoW.
-Bitcoin PoS gets pushed onto the masses by BlackRock and PoS supporters as greatest invention of our generation, for all the same reasons Bitcoin PoW genuinely is.
- BlackRock, the largest asset management firm, is now the largest asset holder of Bitcoin and can secretly control it because it's now PoS...the masses continue to remain as unaware as they always have been about how the world really works.
- Bitcoin PoW becomes as relevant as Ethereum Classic (ETC).