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A comment on .01% of Bitcoin holders hold 27% of all Bitcoin. Parent comment

Re:.01% of Bitcoin holders hold 27% of all Bitcoin by reedjosh on Saturday May 21, 2022 @01:17PM (#31459783)
Conflating the two things like this is completely ignorant.

Buying Bitcoin miners at first requires you to spend the Bitcoin.

Mining may help you gain Bitcoin, but it doesn't much allow you to control Bitcoin.

Pos literally gives you voting power over the currency's ecosystem just by having more of it. It completely concentrates control, and then it also returns gains to those with the larger stake (more wealth in said currency).

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by iownzerobtc on Saturday May 21, 2022 @01:29PM (#31459920)
If you have significant fiat capital you can easily purchase mining power in PoW. Similar with purchasing validator power in PoS. The two are equal in that regard. Where they differ is that PoS is more resilient to 51% attacks of this nature than PoW is.
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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by reedjosh on Saturday May 21, 2022 @11:05PM (#31464521)
> PoS is more resilient to 51% attacks of this nature than PoW is.

Pretty sure you got that backward.

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by iownzerobtc on Sunday May 22, 2022 @05:13AM (#31466271)
Details:

https://vitalik.ca/general/2020/11/06/pos2020.html

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