Post
Topic
Board Bitcoin Discussion
Re: [Question] Bitcoin More decentralized than Ethereum?
by
Wind_FURY
on 17/07/2023, 06:31:34 UTC

But whether all miners get together and carry out a 51% attack or all validators get together for a 51% attack is basically the same, it is possible with both


Although on the surface it looks the same, it's actually not. Proof Of Stake is consensus where a Cabal of wealthy holders of the coin are in charge, a consensus inside the system. POW is consensus that's unrestrained by the system.

From what I understand, POS is no different from traditional consensus made up of Oligarchs. They HODL most of the system's wealth, then therefore control the system.