Why Proof-of-Stake is Inherently Centralizing.

Checkmate explains why Ethereum moving from Proof-of-Work to Proof-of-Stake will be a monumental blunder.

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[EnduringArts]

If you want to know what will happen to Ethereum long-term just look at the current financial system...which is also a proof of stake system.

[brachs]

Many people don't understand how validators are set up on ETH 2.0. First, you need 32ETH! Who has that laying around? Only the big whales for the most part, which in my opinion, further narrows down the ability to be a validator, creating a sense of centralization. Second, the deposit to become a validator is a non-reversible transaction. This inherently means that only whales will be content with doing this since retail investors, even those with over 32ETH, won't want to make that type of investment. LASTLY, ETH 2.0 isn't scalable and will face congestion issues once there is more adoption, leading to the same issue that is with ETH right now - the gas fees. This will only make the "validators" more money. If I'm right about all three things then this means that the whales keep making more and more money since they are being paid for validation and staking, further centralizing the rewards of the network. In my final remarks, I am thankful for ETH and what it has done for the crypto space but the biggest competitor to ETH is ETH. Moving to POS from POW was a bad decision in my opinion.

[cataractacrobat]

You guys at Blockware Intelligence are fucking LEGENDARY for real. Thank you so much for putting out content. Makes it really easy for people who might not have the time to start from the basics and cram it all in instead of piecing it all together at a slower rate with separate videos. It's much appreciated. Can't way to pay it forward one day. 🙏🤝

[TimJSwan]

They're all junk because the original Bitcoin is turing complete with the ability to update code state as transactions. BSV network is still scaling.

[chamikk]

Finally someone notable caught wind of this, this is why I never mined ethirium when I started mining about 1 1/2 years ago. I sold my hash power to nicehash to get bitcoin.

[ogChaaka]

PoS is an oligarchy.
Plus most of the nodes run on AWS.
Eth is just trad-fi now. Junk.

[CurtisKeely]

Appreciate it for publishing this! Looking for guidance: My Safe Wallet contains some Tether USDT, and I possess the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way should I handle moving them to another wallet on Binance?

[ZackaryCreasey]

Thanks for sharing! Looking for advice: My wallet on OKX holds some USDT, and I possess the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way to handle transferring them to Bitget?

[nashsnyder]

Thanks for publishing this! Looking for help: My Tron Wallet contains some TRX 20 USDT, and I have the backup phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. Could you suggest how to handle moving them to another wallet on Binance?

[braiannestico]

please fix the audio, I have the volume all the way up listening with noise canceling headphones and can barely hear

[octagonPerfectionist]

unregulated things are always gonna centralize, as long as there isn't an incentive to just always have more

[FredricForeman]

Thank you for posting! Looking for guidance: My Safe Wallet contains some USDT trx, and I possess the seedphrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How can I handle moving them to Upbit?

[gavintitley]

Nice but volume needs a boost here boys

[DavisWorden]

Thanks for publishing this! Hoping for some help: My TRX Wallet has some USDT TRX20, and I have the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. What’s the best way should I handle transferring them to Bybit?

[hexhodl]

Things that are centralized do quite well, actually.

[boongaf]

Lmao, large miners have better scales of economy in PoW, better deals on hardware and power increasing towards monopoly as smaller players get priced out. PoS has the opposite.

[DongLecuyer]

Thank you for sharing! Looking for advice: My Trust Wallet contains some USDT TRX20, and I know the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How can I handle transferring them to Coinbase Exchange?

[defy]

Ethereum moving to Proof-of-Stake is the best thing to happen to ADA Cardono

[breadgarlichouse]

Cardano is proof of stake and it’s extremely decentralized