I remember the good-old days where you could stake coins like Peercoin and Blackcoin on your own node in a decentralized (trustless) manner. After ETH announced its intentions to become a PoS coin, those days are over. Most PoS coins require you to "lend" your coins to a validator or third-party for you to start earning income right away. ETH, Polkadot, Polygon, and many others now work this way. Isn't crypto's intended purpose to eliminate the middleman? By requiring trust in a PoS system, you're bringing back centralized banking to crypto. Money talks, so don't expect this to change anytime soon.
Do you think there's hope for PoS to become decentralized again? If not, why? Can we blame governments and VCs for the path PoS has taken lately? Your input will be greatly appreciated. Thanks.
Do you think there's hope for PoS to become decentralized again? If not, why? Can we blame governments and VCs for the path PoS has taken lately? Your input will be greatly appreciated. Thanks.
It is really sad to see the direction where all of this is heading. Too bad though, we small investors/users cannot do much about this since it is what makes these things thrive despite the strict regulations. Two good things to be positive about this though is that it reduces scams and aids mass adoption even if it's just a little. Where PoS goes from here is something that we can only speculate about at the moment. Until we see favorable regulations for this industry, we really can't tell for sure. I'm keeping my hopes up though, since there are still a couple of people that are leaned more on privacy rather than just profits.