You need a good initial distribution.
With Bitcoin mining pools it looks like there's just as much centralization (if not more) as with proof of stake.
With Bitcoin mining pools it looks like there's just as much centralization (if not more) as with proof of stake.
US dollar payments aren’t subject to the approval of stakers, and existing PoW miners have no on-chain mechanism to prevent new market entrants from competing against them for hashrate.
So, “no”.
To begin staking, you first need stake. But merely transfering a PoS coin from an exchange to your own wallet for subsequent staking is inherently impossible without the approval of existing stakers. Even this isn’t enough: existing stakers must also approve of your initial staking transactions.
Which is not how PoW mining works.