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https://warpcast.com/~/channel/crypto
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downshift
@downshift.eth
earnestly trying to find informed takes on POS vs POW, regardless of conclusion...what are the tradeoffs? https://x.com/genxdegenerate/status/1882302278767620161
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madlog↑c
@madlog1c.eth
imo PoW leads to more centralization due to economies of scale: big warehouses full of asic miners controlled by one entity. no one can mine on their own at home like the good ol days anymore, small timers join mining pools and already the top 5 pools control >60% btc hash rate. PoS runs on regular hardware = more accessible, and though eth also has staking pools there are way way more solo validators, best guess around 1:10 or 1:20+ in favour of solo validators vs solo miners
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downshift
@downshift.eth
helpful. do you think the economic incentives are setup correctly for solo eth stakers, as-is? i hear that folks find higher, low-risk returns elsewhere, but i don't know very much
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madlog↑c
@madlog1c.eth
hm that is a tricky one, 3-5% yield denominated in ETH is amazing compared to any trad investments, maybe not so amazing compared to DeFi ops.. 32 eth is a big barrier to entry but i think reducing that is on the roadmap? DeFi yields are bigger but come with more risk, pros and cons on both sides. validator incentives could be improved for sure, luckily eth is all about upgrades and improvements as opposed to ossified stubborn btc
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