⭐ Merited by hosseinimr93 (1)
Why Proof of Stake centralizes the system
Because, the sources to contribute to the network aren't available outside the system. The "underpinnings" are in the stakers' fate. In proof of work, when you setup your ASICs and start mining you're, intentionally or not, subsidizing decentralization as the rest of the miners suddenly have less power. The opposite happens in proof of stake: To acquire voting power you increase their gains.
I can't believe some people are still thinking that Proof of Stake is the future, just because it spends less energy than Proof of Work, and it fits the green narrative propaganda.Because, the sources to contribute to the network aren't available outside the system. The "underpinnings" are in the stakers' fate. In proof of work, when you setup your ASICs and start mining you're, intentionally or not, subsidizing decentralization as the rest of the miners suddenly have less power. The opposite happens in proof of stake: To acquire voting power you increase their gains.
Just look what happened with fake news about ethereum switching over to eth 2.0 that is probably never going to happen, except maybe in metaverse space
Intel just entered Bitcoin mining with new power saving dedicated chips and it's not impossible to think that in future we are going to have even more improvements in this field.
Real question is if enough people care about decentralization and proof of work, or they just want quick gains and fake promises.