For example, the person with the least amount of stake in the top ten approves. how is it? do you have?
imagine the top10 address richlists are
1 34xp4v....... 299,427 BTC
2 bc1qgd....... 178,011 BTC
3 1P5ZED...... 116,620 BTC
4 37XuVS...... 94,505 BTC
5 35hK24...... 88,620 BTC
6 38Umu....... 85,064 BTC
7 1FeexV....... 79,957 BTC
8 3LYJfc........ 73,601 BTC
9 bc1qa........ 69,370 BTC
10 3Kzh9....... 65,502 BTC
becomes
1 34xp4v....... 2
33,427 BTC ->
66k|
2 bc1qgd....... 178,011 BTC v
3 1P5ZED...... 116,620 BTC
4 37XuVS...... 94,505 BTC
5 35hK24...... 88,620 BTC
6 38Umu....... 85,064 BTC
7 1FeexV....... 79,957 BTC
8 3LYJfc........ 73,601 BTC
9 bc1qa........ 69,370 BTC |
10 34xpNewkey... 66,000 BTC <-----|
11 3Kzh9....... 65,502 BTC
and all the number 1 needs to do is just be 1 satoshi higher than anyone that tries to replace him as 10
PoS was initially perceived as a fair way to get the little guys to get a chance of mining reward.
but then came syndicated stake (pooling stake) and now the little guys never get a chance
PoS is broke. but because only crap coins with no utility use it. no one is bothered to break it.
it only survives by its insignificance to not be worth trying to break
it just wont work on larger utility coins whereby there is actual competition and large value at stake