Blockstream CSO Samson Mow Rejects Move to POS; Calls Out Ripple Co-Founder



Samson Mow, chief strategy officer of Bitcoin Core development company Blockstream, has emphatically rejected any notion that the cryptocurrency should switch consensus methods from Proof of Work (PoW) to Proof of Stake (PoS) in the future. 

The refusal came after Greenpeace, working in lockstep with Ripple co-Founder Chris Larsen, launched the “Change the code, not the climate” campaign. Larsen has personally donated $5 million to fund the group which aims to pressurize key figures, BTC miners, and influencers into changing the Bitcoin network’s consensus mechanism.

Track live crypto price of 10000+ coins!


Currently, it hasn’t been received well. Mow, chief strategy officer of Blockstream was among the first to shoot down any such notion of bitcoin POS, and a chorus of other prominent figures quickly joined him in his refusal.

“[Five] million [dollars] wasted because ad campaigns cannot change #Bitcoin consensus rules,” said Mow in a tweet on Mar. 29. However, Mow seemed to just be getting started, subsequently posting a flurry of refutations over the following days.

“If nearly every major “Bitcoin” company and 80% of hashrate couldn’t change the blocksize, what makes you think an ad campaign can change #Bitcoin to use PoS?” added Mow later that day, in a reference to the Bitcoin Cash fork in 2017.

“Gonna laugh so hard if someday Greenpeace has their accounts frozen and they need to use #Bitcoin,” he said.

“Of course an ICO scammer thinks there is a substitute for real work,” said Mow in a direct attack against Larsen.

If nothing else, Larsen has definitely won Mow’s attention.

More than Mow

Mow isn’t alone in rejecting the notion that Bitcoin should make the switch to Proof of Stake. Jameson Lopp, CTO of Casa, has also been on hand to provide a laundry list of counterarguments. Much like Mow, Lopp’s Twitter timeline has been dominated by the issue over the last few days.

Related:  ViaBTC Capital|An Economic Analysis: Play to Earn or Play to Ponzi?

“If “environmentalists” had half a clue how Bitcoin works, they’d be spending their energy trying to increase Lightning adoption rather than pushing for PoS,” said Lopp on March 31.

“Lightning places a big fat denominator under their “carbon emissions per transaction” calculations.”

Bitcoin analyst Willy Woo also attacked Larsen and Ripple:

“I’d prefer if Larsen put some real skin in the game and provide $1b of support in order for him to test the resolve of the Bitcoin network. And of course so he can give away his scam gotten gains,” said Woo.

Anthony Pompliano provided his own thoughts and in customary style he didn’t hold back: 

“The climate change crowd has lost their mind… what they are talking about not only is impossible, it makes zero sense,” he said.

Perhaps surprisingly, Blockstream CEO Adam Back was among those who chose not to directly comment. Back instead opted to retweet a post by *WuCoin*:

“Hey @Greenpeace, @chrislarsensf. #Bitcoin is open source software, anyone can #changethecode. Even you. Why not spend your $5M marketing budget on a PoS fork instead of a disinformation campaign? Wait, somebody already did it, just buy $5M of BitcoinPoS. Good luck with that.”

With almost everyone who cares about bitcoin prepared to die on the hill that is Proof of Work, good luck indeed.

What do you think about this subject? Write to us and tell us!

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.




Download MAXBIT Android App, Your best source of all crypto news!

Google Play

Source link

Share this article: