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#176 – Robert Breedlove: Philosophy of Bitcoin from First Principles
Lex Fridman Podcast
Proof of Work Could Incentivize Decentralization of Bitcoin?
I think proof of stake is inherently centralizing. It's like the old Matthew principle: Those who have to those who have more will be given from those who have not everything will be taken. So I think the mining network is inherently decentralized in that really anyone with access to cheap energy can become a miner. You can freely enter or exit the market or the network at any time. But maintaining the block size at a manageable level is what's key to maintaining node decentralization.
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