Thread by @ChainLinkGod

"Proof of Stake = rich get richer" is an example of a half-truth

It paints a human societal problem as something that's unique to Proof of Stake (it's not)

Proof of Work has the same exact problem with ASICs, but arguably worse because of economies of scale for energy usage

Yes it's true that PoW miners need to sell a *portion* of their mined coins to stay profitable, but ultimately the profit margins between PoW and PoS will be extremely similar

PoW's higher selling pressure simply means more buyers are needed in order to just keep the price flat

With EIP-1559 burning the base fees of transactions, PoS systems can be deflationary, off-setting this problem by granting *everyone* a higher percentage of the supply over time

Having captial always means you can generate more capital, this is not at all unique to PoS *or* PoW

Not to mention, PoW miners don't even need to sell their coins, they can borrow against it using CeFi or DeFi to pay for energy expenses and to fund their expansion, meaning when price goes up, they don't need to sell as much coins

PoW is not inherently more "fair" than PoS

With PoW's economies of scale, the rich actually get richer in the sense the per dollar cost for yield lowers as they scale up

With PoS, regardless of how much capital you have, everybody is earning the same yield

So really it's the opposite as what maxis try to paint it as

Maybe this is too nuanced of a discussion for twitter, but it's the number one narrative I see as an argument against PoS

Half truths are the hardest to dispute, because there is an element of truth to it, but the framing leads to false conclusions

You can see the same thing with communism, it's assumed that hierarchies and inequality are inherently a result of capitalism, but it's deeper than that

Look at how ants specialize, the concentration of capital to a select few is an issue, but not unique to one system or another

PoS actually vresults in a *more equitable outcome* because it doesn't matter how much capital you have or where your geographically located, everybody has access to the same exact yield

A PoS system will become the dominant settlement layer, and I believe that to be $ETH