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Comment by roelb | Hacker News Reader

Proof of work is no different in this regard: more capital, more mining power, more control. Miners interests don't always align with the network's users interests (see gas fees). Proof of work isn't more decentralized either (a few mining pool delegators control bitcoin), eth2 proof of stake is more secure because of the pseudorandom validator selection.

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It is very different: The difference is that PoW is censorship resistant. Anybody can be a miner and existing miners cannot censor new miners. Performing new work is external to the network state. In PoS, existing stakers can prevent new stakers from registering. Very important distinction.

> Anybody can be a miner

This is patently false, endgame PoW centralizes mining around 3rd world coal/cheapest possible (stolen?) electricity. The overwhelming majority of the world has been priced out of BTC mining, not that they could get ahold of an ASIC anyways.

Easy, just buy guns, steal some ASICs, steal some coal, and mine away!!!

Anybody can be a miner the same way anybody can participate in the race for Mars.

But that doesn't mean your bottle rocket will beat SpaceX there.

Sure. And analogous to PoS is some kind of galactic requirement that you pay some kind of space bond in order to go to space. Mess around and your space bond is slashed. I like the bottlerocket model better.

Yeah sure, let me just buy a container full of ASICs worth hundreds of thousands of $$$ and I'll start mining: https://twitter.com/SGBarbour/status/1390504269925654532

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