I'm not sure of the argument -
so it results in rich get richer
In PoW, the same 'rich get richer' applies - miners can buy more mining rigs and thus it compounds the same?
miners invest heavily in constantly innovating and investing back into the network
In PoS, is this not exactly the same, if not even more true? Stakers are by definition highly invested into the network
The whole system could collapse overnight like a domino if something goes wrong
Could you elaborate on this, why is this more likely in PoS over PoW?
PoW had decreased decentralization substantially to only happen in regions where electricity is the cheapest. PoS at least prevents this problem.
PoW had decreased decentralization substantially to only happen in regions where electricity is the cheapest. PoS at least prevents this problem.