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A comment on Interview with Vitalik Buterin on ETH2, Scaling Plans, NFTs, etc.. Parent comment

Re:Interview with Vitalik Buterin on ETH2, Scaling Plans, NF... by fasteddie31003 on Wednesday March 10, 2021 @01:07PM (#26414122)
POS = "Proof of stake" here, not the more common use of POS. PoS if implemented with the correct incentives is as secure as PoW. I don't have much faith in crypto helping unbanked populations, as there is a pretty high learning curve. You can easily wipe away all your money if you do a step wrong or loose a private key.
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Re:Interview with Vitalik Buterin on ETH2, Scaling Plans, NF... by _jjkk on Wednesday March 10, 2021 @01:30PM (#26414378)
It is yet to be proven if it is "as secure" because no PoS network has operated at scale.

It also certainly defeats much of the original purpose of decentralization when a few stakeholders have total control of the network because they hold the most coins...

Regardless if the network has "correct incentives" or not, things can happen to those stakeholders outside their control, or other incentives could easily develop to act in bad faith against the network.

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Re:Interview with Vitalik Buterin on ETH2, Scaling Plans, NF... by Shoue on Wednesday March 10, 2021 @01:51PM (#26414629)
> It also certainly defeats much of the original purpose of decentralization when a few stakeholders have total control of the network because they hold the most coins...

As opposed to a few stakeholders that have total control of the network because they hold the most computational power?

And before you bring up mining pools, you can replicate that in Proof of Stake by creating staking pools.

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Re:Interview with Vitalik Buterin on ETH2, Scaling Plans, NF... by ddrdrck_ on Wednesday March 10, 2021 @05:07PM (#26417000)
Have a look at cosmos.network for successful decentralized dPoS network. Also Binance chain is built using Cosmos SDK, one could argue it is not decentralized enough, but it is certainly secure enough.
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Re:Interview with Vitalik Buterin on ETH2, Scaling Plans, NF... by DennisP on Wednesday March 10, 2021 @03:32PM (#26415813)
I'm not sure what you mean by "at scale" but ETH2 PoS has been operating for several months now, and currently has over 100,000 validators with over $6 billion staked.
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Re:Interview with Vitalik Buterin on ETH2, Scaling Plans, NF... by zapdrive on Wednesday March 10, 2021 @01:48PM (#26414596)
> PoS if implemented with the correct incentives is as secure as PoW.

Lol. And we're just supposed to believe you, right? Show me one POS which is as secure as POW.

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