- Markus warns that moving Dogecoin to PoS could fracture the network and weaken adoption.
- Timothy Stebbing highlights the need to judge proposals on technical merit, not ideology.
- Dogecoin shows resilience despite whale transfers and heated debate over PoW versus PoS.
Dogecoin is caught in a heated discussion that highlights the tension between technical upgrades and community cohesion. The question is whether the network should remain on proof-of-work (PoW) or move to proof-of-stake (PoS). Advocates of PoS see efficiency gains, while critics fear fragmentation. A change could reduce energy use and increase scalability, but it also risks splitting the chain into multiple versions.
Billy Markus, Dogecoin’s co-founder, known as Shibetoshi Nakamoto, has taken a firm position against the transition. In a recent post on X, Markus called the debate annoying and warned that a switch to PoS would fracture the community. He explained that any fork would harm Dogecoin’s cohesion, potentially confusing investors and weakening adoption among both retail and institutional users.
Markus maintained that solidarity is more treasured than technical change. He indicated that forks usually result in competing chains and loss of value. In his view, Dogecoin has a culture and market power based on the capacity to uphold a single and stable chain. The division costs, he claimed, would counterbalance the benefits of any increase in speed or efficiency that PoS might bring.
Stebbing Pushes Technical Merit Over Ideology in Dogecoin Debate
Timothy Stebbing, Director of the Dogecoin Foundation, offered a response that shifted the debate toward technical evaluation. He explained that his focus is on assessing proposals by their engineering merits. Stebbing highlighted Dogebox, a system built for deploying nodes and testing consensus models. The platform allows the community to experiment with new structures and compare results side by side in a transparent manner.
He said that blockchain governance is not about opinion but about node participation. The majority validation across the network is achieved by the 51% effective vote of the nodes. Stebbing emphasized that this principle must be used to make decisions rather than ideological differences and emotional debates concerning the future of Dogecoin.
At the same time, Stebbing criticized the spread of fear and doubt across social media platforms. He said that technical progress often gets overshadowed by online disputes that frame the issue as a battle of beliefs rather than solutions. He noted that the network currently processes around 40 transactions per second. To him, the community seems comfortable with that capacity, which implies that there is no urgent need to upgrade it.
Related: Dogecoin Gains Momentum as Analysts See $1 on the Horizon
Whale Moves Stir Dogecoin Market Amid Ongoing Debate
Market developments have added another dimension to the debate. Large holders of Dogecoin have been active, with whale movements attracting close attention. A notable withdrawal was the removal of 52.9 million DOGE, valued at approximately $12 million, from Binance. Market observers interpreted the transfer as an accumulation, an indicator that the whale was resolving to accumulate rather than to sell the holdings.
Earlier this week, though, another transaction caused alarm. An immense withdrawal of 500 million DOGE, valued at over $106 million, was transferred to Binance. The move prompted speculation of a sell-off, generating temporary anxiety among traders. These huge movements still reveal how whale behavior may affect the market sentiment and price stability.
Dogecoin has been resilient despite the volatility. Over the last 24 hours, the coin has increased by 2.69%, and the trading volume has grown 19.51% to $2.36 billion. At press time, Dogecoin is trading between $0.22 and $0.23, highlighting stability in the face of uncertainty. The PoW versus PoS debate presents a classic dilemma: modernization may enhance efficiency, but it may lead to the development of competing versions and loss of trust.
