Post
Topic
Board Altcoin Discussion
Re: Staking is not as trustless as it used to be
by
Doan9269
on 24/05/2023, 11:06:16 UTC
Do you think there's hope for PoS to become decentralized again? If not, why?

PoS cannot be Decentralized any longer because it had long been making efforts to be the true colour of what it represents, anything that has to do with proof of stake must be under a central authority to sit and judge of the possible outcome and decisions concerning the currency, this is one of the reasons some believed that PoS can be manipulated while PoW cannot

Can we blame governments and VCs for the path PoS has taken lately?

Why should we blame the, are they the ones forcing this to be in place or the developers or inventors of each cryptocurrency, they have their own sitting panel that makes decision and concluded on what should be done, government will only regulate them and tax them from their end.