bitedatcrypto on Nostr: That's a nice argument. The fact that PoW creates a system of meritocracy makes ...

That's a nice argument. The fact that PoW creates a system of meritocracy makes Bitcoin valuable and I have no doubt about that.

However, my concern is that, even though those early stakes of PoS and large custodians mainly work as "elites" who contribute to the network with little or no work, I'm still wondering if there is a possible way the system can be corrupted. If there are fraudulent activities going on, the stakes will be slashed (obviously there is a copy of the entire blockchain encoded by other validators), and if they ever try to make a malicious upgrade then the people who delegated their tokens can move their stakes just like how miners can move around different pools.

So what are some possible ways that the system can be corrupted and ultimately fail by elitism?