Quote from: TangentC on May 21, 2021, 12:59:58 PM

Quote from: amishmanish on May 21, 2021, 06:06:21 AM

For example, you quote ADA. This currently has around 2500 pools.

For their to be a decent argument , one's mind has to be open to receiving information.
Bitcoiners cult like beliefs prevent new information from being received.

For example : ADA has 2500 pools, Bitcoin only has 18 pools, only 4 of those pools control over 54%.
But you can't see why that matters either, can you?

Have a Nice Day.

I have an open mind. Lets talk about it rather than throwing un-intelligent arguments meant to prove that somehow people are not realizing the benefits of PoS while you know something that we don't.

Do you realize that 18 pools in Bitcoin's PoW are Mining pools made up of thousands of different miners. Its not like the Pool can make some sort of decision and the miners will continue to direct hashpower to it. On top of this, there are full nodes that verify blocks and transactions continuously to ensure that they matchup to the consensus rules.

Those 2500 pools in ADA are simply newbies joining in thinking that them staking 2000 coins will make any difference to the network. Add this to the fact that an increased number of staking pools are considered inefficient by the developers themselves. That is why, there is an upper bound to the optimum number of pools. What they call the 'k' factor. This is 500 at the moment.

Need I to remind you that only a few epochs back, all the nodes were being run by the foundation. This is because when you have a few central parties running the PoS nodes, it is easier to maintain the so called TPS that these networks love to flaunt. You can ensure hundred percent uptime AND avoid any propagation delays. The moment these get supposedly "decentralized", the network starts to break down. This has happened with several of these PoS coins when they tried to scale. EOS, NEO are just the two biggest examples.

PoW may not feel great in terms of throwing around TPS values, but to be sound money, and to be a reliable, truly censorship resistant network that can actually keep real value safe, there is no better choice than PoW. Quite simply, if Bitcoin's PoW is removed from the equation, all of crypto will simply be a bunch of corporations selling their products and yield farms, nothing else.