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Chainleft
@chainleft
Some say Proof of Stake is more centralizing than Proof of Work. You and I know this isn't true. But did you know that PoW is theoretically (and possibly in practice too) more centralizing that PoS? My analysis from 3 years ago 👇
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Chainleft
@chainleft
It all comes back to the point PoW proponents often praise: The physical element of Proof of Work. Multiple factors make the meatspace unfortunately a centralizing environment. PoS remains purely digital, and enforces a more equalizing reward economy for the security budget.
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