Quote from: LegendaryK on Today at 05:59:46 PM

Anyone can pool coins and stake them, where as only the elite can afford to PoW mine.

Rich people can afford more than the poor, capitalism 101. The difficulty changes based on the rich and that is true for everything in life. The "sharpest" criticisms of capitalism lie on this fact. Unfortunately for us, humanity is a clustered phenomenon.

What you fail to understand is that PoS will get much more centralized in the course of time, because the stakers are encouraged to continue earning their share than to dump it. There's no uncertainty. And new stakers can't enter the system if those few decide to remain.

If I found out Bitcoin in 2009, figured out that you can mine with GPUs and had one third of the total hashrate for a little while, I couldn't keep it mine, because there were newcomers I could not control of. It wasn't down to me to approve them. On the other hand, if I somehow acquired 10% of the total coins in circulation, of a PoS crypto, it'd be like I owned a part of the network... Forever.

Staking is progressive. The greater the economic base, the greater the individual's economic growth. Mining is inversely progressive. The greater the economic base, the worse the individual's economic growth.

Whoever wants to mine is in no miners' question to do so. Mining, by design, reduces the network portion of each miner, over the long term.