4/ No one handwaves away the problem of trust & decentralization in PoW - that’s a baseless claim. I’ve found that Bitcoiners are often the most paranoid when it comes to the threat of centralization, mining centralization in particular.
14/ > It seems that pro-PoW people just gave up on analyzing the system, they just say "It works because nobody have broken it yet” Another baseless claim. Bitcoin security is a very active area of research. We've merely scratched the surface. Seehttps://twitter.com/hugohanoi/status/1027667455773212673 …
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15/ What PoW proponents are saying is that PoW is the most secure system both in theory & practice, with a 10-year track record. Can PoW fail? Sure. Can PoS succeed where PoW might fail? Absolutely freaking not.
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