People think PoS is "the future" of crypto, but don't understand that you have to lock something of value in the network worth staking.
A PoS crypto only works if there is an initial pre-sale (many of the ICO cryptos), or starting with a PoW period (like Ethereum did, there was also an ICO) and then moving to PoS.
Without one (or both) of the above the tokens at stake are worth nothing
Propaganda, regulatory capture, government gridlock, corruption—we got here not because democracy and state authority are worthless and cannot do the job, but because they are imperfect and people found ways to undermine them for their own benefit.
If we can get back to democracy and genuine state authority, as opposed to increasingly-gerrymandered districts, voter suppression, and "state authority only when it suits the moneyed interests," which is more or less what we have now, then we'll be in much better shape overall.
Only in Proof of Stake. This is wby Proof of Work is still considered the most secure against centralization.
> Otherwise, power will inevitably accumulate in increasingly large corporations, to the detriment of everyone else.
Pot --- kettle.
How then, if democracy and state authority can check the concentration of power, did we end up here?