@ttupper I’m with you too. I was hoping Cardano was different too. I was hoping PoS was an idea to get everyone involved, even the little guy working in his garage. But the more I look into it, the more I find the rewards go to those with money. Not to mention, I very much like the idea of decentralizing and taking ownership, but it looks like that’s not going to happen the way all the PoS works.
I do mining now. (small-time, in the garage) I was hoping I’d be able to transition to something like this. I don’t trust the idea of joining a pool. I like mining, though I realize its faults, it does one thing well, it lets one with some technical knowhow and a small investment get some return for that and grow it over time.
I’d like to point out that I only just got into mining. I had thought only huge mining farms were able to profit from it, but I was wrong. Even crypto worth pennies makes money. Mining or PoW has one advantage over all the PoS I’ve seen so far, anyone can do it , and anyone can get a reasonable return. Actually, that creates another advantage, way more people involved doing the work, much more decentralized.
Why can’t there be a PoS that’s somewhere in the middle? I stake 0.x tokens (not whole, whatever I want) and I take on the technical hassles of running a node/validator, I get reward for validating. I know, that’s a whole other discussion. I’m just disappointed in what I’m finding in PoS, there’s no incentive to operate a node, unless you’ve already got a lot of tokens. Also, I don’t want to run a stake pool and try and get people to join it and take on that responsibility for others too. I just want to operate a service that validates transactions and get rewarded for it all on my own, but part of the network. (like mining, except you don’t need power hungry GPU’s)