That those with more have more control. It’s a reinvention of fiat currency. PoW also had that problem since people with more money could afford better mining hardware, but PoS is even more direct. That’s not even getting into tether printing and other bullshit. The claim is that cryptocurrency is a move away from our existing financial system, but the reality is that it’s just another arm of it.
How would you construct a consensus in which contributors don’t have a stake in the game?
How would it work and based on what incentive?
Why would they stay honest?
Because as soon as there’s any stake in play, those with money will be able to get more of it.
I’m honestly curious and interested in viable alternatives.
That those with more have more control. It’s a reinvention of fiat currency. PoW also had that problem since people with more money could afford better mining hardware, but PoS is even more direct. That’s not even getting into tether printing and other bullshit. The claim is that cryptocurrency is a move away from our existing financial system, but the reality is that it’s just another arm of it.
How would you construct a consensus in which contributors don’t have a stake in the game?
How would it work and based on what incentive?
Why would they stay honest? Because as soon as there’s any stake in play, those with money will be able to get more of it.
I’m honestly curious and interested in viable alternatives.