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)

I explain it in my 3 of my X posts backed by data. You can decide for yourself if that makes it more centralized.

https://x.com/bogdanoffi/status/1901259153038815330?s=46

https://x.com/bogdanoffi/status/1891843563731943938?s=46

https://x.com/bogdanoffi/status/1893062140698690016?s=46

Fun fact: The initial capital requirement for an individual to run a PROFITABLE (key word here) Solana validator is about 5500 $SOL ($935,000 at time of writing). 

An over 10x increase compared to running an Ethereum validator, which is 32 $ETH ($86,000 at time of writing). I’ve https://t.co/UZawfHMTZc

Fun fact: Almost 70% of $SOL validators are subsidized by @SolanaFndn. @0xMert_'s team estimates* that if SF stopped providing assistance, over 50% of validators would struggle to operate profitably. 

Imagine the FUD $ETH would get if the @ethereumfndn had to subsidize most https://t.co/Uc2w4tDWT7

stakeyour.eth 🦇🔊

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Table I created for a side by side comparison of Sol vs Eth validator requirements.

Minimum SOL requirement and voting fee from official documentation.

Solana Foundation offers to cover part of the first years voting fees if you meet some performance requirements.

Toly says to go "hustle" to cover the annual ~400 SOL voting fee. Only about $64K/yr which requires 935K in SOL to break even, no big deal. The HW cost he quoted is also for renting a server online, not for owning your own HW.