[fshbbdssbbgdd]

It seems to me that the state’s power over the physical world gives it a good ability to crack down on consumers of large amounts of electricity if it desires. Whether you’re getting power from the grid, or generating your own through coal, natural gas, solar, hydro, wind etc. you are making a big observable mark on the world if you control a significant amount of hash power. Therefore you require the implicit consent of the state to operate.

On the other hand, a staking whale with good opsec sounds pretty anonymous.

Interested to hear if I’ve got this wrong somehow.

[randomhodler84]

I can see why people think this, however, is it easier to use electricity or borrow money from a bank? You don’t need permission to use electricity for specific purposes, you pay for what you use. A loan is entirely at the grace of the Banking stake system. Same analogy.

Someone had to sell you the coins in the first place. Remember all PoS coins were issued on day one by the oligarchs and you live by their wishes when they sell you their coins.

The oligarchs always fear the state taking their stash, they will lie and cheat for the State. PoS is subjective truth. PoW is objective truth, verifiable without trust.