# kaal:claim:4796714-014

**Claim.** Proof of Stake consensus centralizes control in proportion to the quantity of tokens held, so governance built on such chains is skewed in favor of the wealthy rather than distributed.

**Type.** failure  **Support.** argued

**Holds when.**

- applies to Proof of Stake chains such as Ethereum
- concerns token weighted governance power

**Source quote.**

> Similarly, Proof of Stake (PoS) consensus mechanisms, as implemented in Ethereum and other blockchains, centralize control based on the quantity of tokens held, potentially skewing governance in favor of the wealthy.

**From.** Wulf A. Kaal, *AI Governance* (2024), Recentralization, page 27

**Cite as.** Wulf A. Kaal, AI Governance (2024). SSRN: https://ssrn.com/abstract=4796714

**Verify.** sha256 of source PDF `59fa63bae179e8f9b6b8efbdf90cee28400276512a1b04f9f579a48641305c93` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202024%20-%20AI%20Governance.pdf

**Failure mode.** stake weighted governance capture  (family: plutocratic-capture)

**Topics.** consensus-and-security, decentralization, governance-design, tokenomics

**Keywords.** proof-of-stake, recentralization, token-governance, plutocracy, ethereum

**Related claims.**

- supports: https://wulfkaal.github.io/claims/3227967-036
- restates: https://wulfkaal.github.io/claims/3266953-020
- extends: https://wulfkaal.github.io/claims/3125827-009

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.