/biz/ - Business & Finance

>BUT YOU SAID PROOF OF STAKE WAS MORE CENTRALIZED

Yes, it is. Pareto distributions and the Matthew Principal are the universal constant, power begets more power, money begets more money, hashrate begets more hashrate. The point of Proof of Work in regards to decentralization is that it makes validation share acquistion for the purposes of dishonest activity MAXIMALLY costly, and validation share acquisition for the purposes of honest activity MAXIMALLY profitable.

>ok but MUH TRANSACTION FEES! MUH SCALABILTIY.

Layer 2. Lightning Network, Plasma, Optimistic Rollups, Stateless Validation, ZK-SNARKS. If you haven't heard of them by now look them up because they are the future. This is why LRC and OMG are mooning right now. Some deluded basedtards think that ADA is the solution to the "blockchain trilemma" (pick two: Security, Decentralization, Scalability) all without requiring a Layer 2.

Get this through your fat heads:

Layer 1 PoW DESTROYS Layer 1 PoS on Security and Decentralization
Layer 2s for PoW can be just as if not more scalable than any Layer 1 PoS chain.

Layer 1 PoW + any number of Layer 2s IS the solution. It's what Satoshi wanted, it's what Vitalik wants, and it's what we are going to get once this PoS crashes and burns.

That being said I still hold some ADA because it IS certainly going to moon.

Proof of Stake is the most NPC cucked envirotarded Reddit basedfest I have ever seen. Not only has every single implementation of it been the victim of for-profit attacks but every single implementation of it has ended up with a cabal of validators everyone delegates to that is 5x more centralized than mining farms.

Nakamoto Consensus is the only truly decentralized system that the kikes can’t kike their way into taking over.

If you have PoS coins in your folio just know that they are all ticking time bombs until the tens of trillions that’s just starting to look at Defi with interest realize that their shekels are only really secure on a PoW chain.