Aurora on Nostr: This is because, effectively, when you start out a network proof-of-work, eventually, ...

This is because, effectively, when you start out a network proof-of-work, eventually, more people will simply have machines that have more processing power. Those same people will then be able to get the biggest share of any given network and as such become the biggest holders; Become the ones with the most money.

Even if you then switch to proof of stake, the same people are still going to have a lot of money that they can stake in and still remain big on the network.

If you do it the other way around, it will also just happen the other way around. People with lots of money will eventually enter the scene and then become the biggest holders. And once you switch that to PoW, they will have the money to get the processing power to remain big.