bitedatcrypto on Nostr: Can any #bitcoiner convince me why PoS consensus mechanism is centralized and a ...
Can any #bitcoiner convince me why PoS consensus mechanism is centralized and a trojan horse for tyranny? Though I researched quite a bit, I've never seen a compelling argument that turned me.
Even if there are ppl with massive capital in their ecosystem, there's a thing called "slashing" to punish bad actors creating fraudulent activities on the network (and the only thing they could do is to double spend which are easily caught). And the rich getting richer is same for PoW consensus what ppl refer to as miner or pool centralization.
Please don't talk about dapps or nfts, that's the issue for another day. I just want to know WHY many maxis or Bitcoiners in general HATE PoS consensus.
I'm still at an infant level in this space so bear me with love ;)
#PlebChain #zapathon #BTC #Bitcoin #Ethereum
Even if there are ppl with massive capital in their ecosystem, there's a thing called "slashing" to punish bad actors creating fraudulent activities on the network (and the only thing they could do is to double spend which are easily caught). And the rich getting richer is same for PoW consensus what ppl refer to as miner or pool centralization.
Please don't talk about dapps or nfts, that's the issue for another day. I just want to know WHY many maxis or Bitcoiners in general HATE PoS consensus.
I'm still at an infant level in this space so bear me with love ;)
#PlebChain #zapathon #BTC #Bitcoin #Ethereum