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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steviep
@steviep
I never really bought this argument. Sure, you need money to buy the staking currency, but you also need money to buy or manufacture chips. What you're saying might make more sense for making sure a network is decentralized when it starts, but we're way beyond that. I don't care how decentralized these networks were 10 years ago
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