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20 sats \ 2 replies \ @Modus 16 Sep 2022 \ parent \ on: It's OVER for ETH2. Holy shit bitcoin
Not comparable. BTC mining pools are very different from Eth staking entities.
In order to compare the most popular PoW pools with the most popular PoS pools. it would be like giving your miner to a 3rd party and having them do all the work. In that case they would practically own the equipment and you would have a hard time switching to another pool in case of emergency. In ETH they believe its not a problem, maybe its not, as long as Bitcoin exists it will keep ETH more honest and fair, regardless of how much it centralizes. But if ETH gains a monopoly, it will show its true face.
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as long as Bitcoin exists it will keep ETH more honest and fair, regardless of how much it centralizes.
Can you elaborate?
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