Am I the only one who thinks PoS is a massive mistake?

Cryptocurrency News and Public Mining Pools

Am I the only one who thinks PoS is a massive mistake?

The recent events with tornado cash have really opened my eyes to what the merge will do to Ethereum. With over 60% of the pre-merge stake already owned by 4 COMPANIES that are US regulated and will do whatever is needed to comply w the govt (69% owned by 10 companies which is over the 67% threshold!!) I think this is a monumental mistake. If all you care about is number go up then ignore this because that's what eip1559 and PoS will do well, but it in turn hurts those who want to interact w the chain since there is more incentive to hold. This merge basically makes eth a centralized number go up chain which I think kills innovation and hands the keys to the US govt and VCs. I hope Ethereum is able to realize this and keep the current system in place, but once the merge happens tornado cash will be just the beginning I believe.

submitted by /u/canesman2626
[link] [comments]