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.
There is nothing decentralized about Crypto, the way greed is destroying this space is very disturbing, the team and VCs hiding under the guise of decentralization by allocating 90% of the tokens among themselves, the funning thing is the community allocation, just ask yourself who the community are? POS is centralization and people seem okay with it and I have a feeling this is going to continue to get worse from here because what these people are doing is aligning themselves with the centralized government and protecting their own arse from government attack, they want to eat their cake and have it.