I know with the way that he does these this question answer was recorded probably weeks ago. You know before the EOS news. I also know he’s talking about centralized systems not necessarily any public chains. However it really seems that proof of stake systems gravitate toward a central Authority in the manner that the Representative Republic style of government of the United States has done. Those elected sieze more power to keep their power. Does anyone know of a proof of stake system that has worked long term?
To clarify and stay more on Andreas’ topic, are there existing examples of POS systems that have not degraded into what is basically a centrally controlled system?