Can someone explain to me in simple terms why BTC requires proof of work and can’t do exclusively proof of stake?
I’m a big proponent that Bitcoin != Crypto, and I’m not an ETH gal, but just learned about ETH’s shift to proof of stake and I want to understand why that doesn’t work for BTC.
Apologies in advance if this is a dumb question. #plebchain
Difficulty-adjusted PoW links Bitcoin issuance to time itself, the universes most scarce resource.
Bitcoin is time.
https://dergigi.com/2021/01/14/bitcoin-is-time/
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