PoS is not as bad as Bitcoin maximalists make it out to be. Bitcoin mining is also centralized in the sense that it requires a lot of capital in order to mine..

PoS is not as bad as Bitcoin maximalists make it out to be. Bitcoin mining is also centralized in the sense that it requires a lot of capital in order to mine... It gives more power to the fiat-rich. I managed to get into a top forging position on a major DPoS blockchain in spite of both founders and the CEO of the project hating my guts. It's not fair to suggest that it's like institutions within the fiat monetary system. Imagine being promoted as a Google executive if CEO Sundar Pichai, Larry Page and Sergey Brin all hated you; that would never happen. That said, I think it would be dangerous to have 1 PoS blockchain with no other alternatives. The presence of alternatives is what enables any meritocracy to exist.