Ok guys. I'm on board with non-fiat currencies. I'm on board with holding your own keys. But I'm trying to understand proof-of-stake.
Is it right that in ETH "the community" votes out validators that act improperly? Can that end up being like cancel culture, the majority voting out someone (causing them to lose their staked ETH) for some entirely different political reason? In bitcoin, anybody can put in the work right? There's no voting, right?
And then what is a Sybil attack? How does controlling 51% of the nodes give you control?
I am not sure myself, but AFAIK:
in BTC, someone must appear with a set of bits which solve a cryptographic problem to create the next block.
if you pray and God sends you those bits, then no work is needed.
But, supposing the Creator does not make life as easy as that, one has to try every combination of bits until the right one is found - this is the "work" in "proof of work"
