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by 0x64
1637 days ago
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You gain more power by having more money in both PoW and PoS. In PoW it means you can buy more hashing power, in PoS it means you can buy more of the network's currency to stake. Even under PoS, the network's upgrades still rely on social consensus, as in node operators (!= validators) agreeing to forks, and the network's finality requires 2/3 of the network's almost 300'000 validators to come to consensus. |
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"Actually both systems give power to those who are already wealthy" isn't the argument for democratization and decentralizations crypto believers apparently think it is.