it is now provably not secure. Because pos is provably not objective. Making the whole thing moot. Also, it is literally a system explicitly designed around “the rich get richer”.
In what way is Ethereum centralized?
The owers of ETH contribute to the consensus.
How would the foundation control any of that?
Mybe you confuse Ethereum with IOTA?
And less than 0.00000001% goes to Ethereum
Don’t over-flatter Ethereum.
Ethereum transitioned from PoW to Pos.
What’s not to like about that?
it is now provably not secure. Because pos is provably not objective. Making the whole thing moot. Also, it is literally a system explicitly designed around “the rich get richer”.
Security is relative - always!
Can you name one consensus scheme that isn’t?
proof of work is objective. It sucks for other reasons, but I do not need to trust anyone to start participating.
Even if it is (I don’t see your reasoning explaining that) that doesn’t mean the resulting security scheme is objective.
Isn’t ethereum a centralised shit coin with a money printer attached, controlled by the owners of the “foundation?”
In what way is Ethereum centralized?
The owers of ETH contribute to the consensus.
How would the foundation control any of that?
Mybe you confuse Ethereum with IOTA?