There are only two numbers of relevance in mining: capital cost and operating cost. High capital cost (ASIC resistance, PoS) makes the rich richer. Low capital cost favors smaller miners and decentralization because you can earn as you go. The rich don't need to be richer.
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Wait, you do not believe that PoW handles partitions well, do you?
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Network partitions will be ugly regardless of whether one uses PoW or PoS. But I think people gloss over the consequences in worst-case scenarios. There's "ugly but still sorta works", and there's "ugly & totally broken".
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PoW can resolve partitions automatically, without a centralized party. PoS cannot. That's the difference.
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You're confounding PoS with the kinds of consensus protocols people usually couple it with.https://twitter.com/el33th4xor/status/1006931658338177024 …
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Seems to me like a trivial & artificial distinction. Of cos PoW *by itself* does not create consensus. But reducing PoW’s role to only Sybil-control is silly. PoW does a lot more than Sybil-control.
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You are welcome to believe whatever you like. I did my part.
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