Michael Saylor, Jack Dorsey Among Bitcoin Heavyweights Defending Mining in Letter to EPA

Michael Saylor, Jack Dorsey Among Bitcoin Heavyweights Defending Mining in Letter to EPA


They continue: “Moreover, it has a much more limited track record, is controlled by founders, has single points of failure and it remains dubious as to whether Proof of Stake can effectively govern a global, apolitical monetary system, in a manner like Proof of Work … Given that Proof of Stake and Proof of Work are qualitatively different, it’s misleading to refer to Proof of Stake as a more ‘efficient’ form of Proof of Work, since it does not achieve the same thing.”

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