“It is basically impossible to duplicate the launch of a fully decentralized, fairly launched, no pre-mine, borderless, void of VC’s, hard capped PoW cryptocurrency like that of bitcoin or litecoin and not have it co-opted or attacked at this point. That ship has sailed, people..”
This concentration led to governance votes where a small number of stakeholders wielded disproportionate power, influencing upgrades and protocol changes.
Solana’s validator and staking ecosystem is similarly dominated by a handful of well-capitalized entities. This exposes the network to outsized influence and increased risks of censorship or manipulation if those actors coordinate, are pressured, or compromised; “co-opted,” as Litecoin wrote.
While PoS is efficient and scalable, the system’s fate can hinge on large holders, making it vulnerable to regulatory capture, exchange outages, or orchestrated attacks. The same study revealed that the more centralized staking becomes, the greater the chance of network co-option, as opposed to the more resilient distributed mining models of classic PoW blockchains.
Widespread distribution of mining power, fixed supplies (21 million for Bitcoin, 84 million for Litecoin), and permissionless participation make them rare examples in an increasingly centralized crypto landscape.
With the rise of attacks on vulnerable PoW networks and increasing centralization of PoS chains, Litecoin’s advice couldn’t be more timely. Freedom money isn’t just about price; it’s about resilience, distribution, and the ability to resist capture from within or without, not only defining your portfolio, but your financial sovereignty.
