> Proof-of-stake is basically an oligarchy though, those with funds call the shots How is it different from proof of work? People with access to ASIC miners an

> Proof-of-stake is basically an oligarchy though, those with funds call the shots How is it different from proof of work? People with access to ASIC miners and cheap electricity call the shots, guess who those people are? Proof is stake actually more fair since you cannot move your investment in the network - you are locked-in and need the network to succeed to not lose your position. With proof of work you can switch all of your investments to a different network at the snap of your fingers. Proof of stake is naturally designed to produce benevolent leaders since their success is directly tied to the success of the network.