Do you have any explanations of proof of stake? I've tried to read https://ethereum.org/en/developers/docs/consensus-mechanisms... and https://arxiv.org/pdf/2003.03052.pdf but I feel they're intentionally obfuscated. I understand proof of work very well. I tried reading the Tezos proof-of-stake scheme [0], but it seems like it has some very obvious holes that leave security gaps wide open (namely, once you get to somewhere around 50%, probably less, you can completely predict and control the PRNG outputs, giving you full capture of the network), which makes me feel like I still don't quite understand it. I won't go into whether it's exclusionary or not. That depends on…
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your economic viewpoint. Personally, I think they're about the same -- those with the wealth control the network. And they've consistently been pushing back The Merge's launch date less than a month than the go-to date. I remember when they wanted to launch it in April 2022. And then May. And then June [1]. [0] https://tezos.gitlab.io/active/proof_of_stake.html [1] https://eips.ethereum.org/EIPS/eip-4345