Proof of Stake is not inherently decentralized, you realize that, right? It'll t... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		salawat on March 31, 2021 \| parent \| context \| favorite \| on: The political case for a blanket cryptocurrency ba... Proof of Stake is not inherently decentralized, you realize that, right? It'll trend toward centalization over time as coins end up getting delegated to the asset class equivalents of banks and brokers. They will pop up. Once they do, They will be regulated. Then you're back to square one.

nbardy on March 31, 2021 [–]

And then you have a monetary system that runs a blockchain instead of this paper system the US has.

Not everyone wants to take down banks or destroy fiat.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact