[SwagtimusPrime]

>However it still is dominated by the "haves" vs the "have nots". Proof of stake is awarded to those with the largest stakes, which favors state-sponsored miners and works against decentralization.

where is the difference to mining? To mine you need GPUs and electricity which you can equate to $$$, just like capital you lock up under PoS. it effectively makes no difference.

and everyone earns the same percentages, whales only earn more in absolute terms.

[SavantIdiot]

The percentage is based on hardware invested or capital staked.

I don't think it should be. That is just lazily giving a pass to whales to dominate what is supposed to be decentralized. Totally counter to the spirit of cryptocurrency.

[DennisP]

In PoS everybody gets the same rate of return. On Ethereum it's currently about 8% annualized, regardless of how much you have staked.

On Bitcoin everybody gets about the same rate of return, but major operations can generally get first access to the newest ASICs or special deals for electric power, so their rates are better.

No cryptocurrency has found a way to give the exact same rewards to every human participating. That'd require some kind of verified identity. It's always going to be a rate of return times amount invested in hardware/stake.

[capableweb]

> No cryptocurrency has found a way to give the exact same rewards to every human participating. That'd require some kind of verified identity.

Proof of Humanity recently launched and claims to have solved this https://www.proofofhumanity.id/

[SavantIdiot]

That is crazy. Thanks for the link!

[billytetrud]

The difference is in the real resources used. If energy and hardware are used, that's a real cost incurred on society. If only currency is locked up, that only puts a cost on the stakers. As far as the rest of society is concerned, the supply went down, so the value went up, and there's no difference.