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Re: proof-of-stake, it's pretty disingenuous to seemingly base the entirety of one's criticism of it on a cryptocurrency that has yet to migrate onto it rather
by yellowapple 5y ago
Re: proof-of-stake, it's pretty disingenuous to seemingly base the entirety of one's criticism of it on a cryptocurrency that has yet to migrate onto it rather than, say, the multiple cryptocurrencies in the top 10 by marketshare that are already on it and have at least claimed to have addressed the vaguely-alluded-to centralization issues. This seems to be a recurring theme of proof-of-stake criticisms: "well obviously PoS is a PoS because Ethereum hasn't addressed its problems yet... Cardano? Solana? Never heard of 'em!".
That ain't to say that proof-of-stake is perfect, either, but it's painfully obvious that its critics are coming in seeking to appease their confirmation biases rather than evaluate new technologies objectively and rationally.
Full disclosure: I do own a decent amount of some cryptocurrencies, including various PoW and PoS currencies. I'm obviously biased in favor of them, but at least I'm willing to admit that.