This person doesn’t have any idea how PoS works and all of the people upvoting it don’t either. It’s very astonishing that the HN crowd still doesn’t understan

This person doesn’t have any idea how PoS works and all of the people upvoting it don’t either. It’s very astonishing that the HN crowd still doesn’t understand blockchain after 13 years. The article is complete nonsense because: 1. The author thinks that PoS is about having computing power. If someone thinks that they seriously don’t know anything about PoS and haven’t done any research 2. Proof of Work is 100x more centralized because 2 companies control the majority of mining equipment production and 4 companies control the hashpower including all kinds of attack vectors, instead of the around 200 entities in PoS. 3. There are many attack vectors for the PoW model of which many only require malicious behaviour of 1 person, be it the CEO of one of these companies or a disgruntled worker that is bribed with a couple of million dollars. 3. The cost of taking over consensus for a PoS network, such as Solana or Ethereum 20 requires billions or trillions of dollars worth of coins that then all would rank heavily in value That’s why PoS is around 1,000x -1,000,000x more secure than PoW depending on how big the market cap of the PoS network is.