steviep
@steviep
Does anyone have a good explanation on why Solana is more centralized than Ethereum? I can't tell if that's true, or just a meme (like how Bitcoin is more decentralized than Ethereum)
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nicole
@nicole
Tangentially related, I posted a video explaining why proof of work networks are inherently more decentralized than proof of stake (eth started as proof of work) https://warpcast.com/nicole/0x0e3f9d1c
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PhiMarHal
@phimarhal
PoW inevitably congregates hashpower to areas with low energy cost, and economies of scale also ensure said hashpower is controlled by a couple entities in the long run. This is what happened to bitcoin, and it's probably not just a bitcoin problem but an inherent consequence of PoW. Can't have decentralization with energy, as the physical world is not flat.
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nicole
@nicole
Ty for pointing this out I was hoping someone would challenge my assumptions here! Do you think the transition from PoW to PoS was a good thing in this regard? Or is there another system that could keep things more decentralized?
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PhiMarHal
@phimarhal
I think PoS, Ethereum PoS specifically is the best we've managed to get to. It has its own challenges in liquid staking providers like Lido, Coinbase... taking over, but it's still the *least worst* path we've managed, and has the best properties when it comes to collusion resistance, geographic decentralization, or safety against explicit state oppression. All other esoteric mechanisms like DPoS, or proof-of-whatever-else-have-you, have failed to prove themselves theoretically or practically imho.
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