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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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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nicole
@nicole
Whether or not you buy this argument, bitcoin and ethereum are objectively significantly more decentralized than solana and proof of stake as a system compounds wealth with little incentive to decentralize it. The block building mechanism is also more centralized on solana, they optimize for speed over decentralization
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