Can Proof of Stake be decentralized? Not without a degree of centralization š¤·š»
In a āone coin, one voteā system you either enable the dynamics of the free market to unroll at the risk of witnessing attacks from internal conspirators or external token buyers who ammas a majority stakeā¦ or else create a concentration of wealth that canāt be overthrown and generates a degree of centralization which defeats the purpose.
Most Proof of Stake systems, including Ethereum, chose the latter option but have good marketing/PR to cover centralization under wraps of environmental virtue signaling.
Meanwhile, Bitcoin mining is still dynamic, competitive, and fair.
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