No, not all PoS start with the creators having 100% of all coins. See Ethereum.

Ethereum is doing just fine after going PoS, in fact, it’s much more secure than when it was PoW from a security budget standpoint while achieving less inflation compared to Bitcoin, and will continue to remain secure compared to Bitcoin’s critical security budget issue as block rewards go down. It’s also special compared to other chains in that it started out as PoW for at least 7 years.

Bitcoin has ASIC monopoly and conflicts of interest with core devs connected to companies dipping into mining.

Solana and other chains are VC fueled crap though, I agree.

I don’t think Bitcoin whitepaper talks about ASIC monopoly and economies of scale :D

BTC in its current form is probably the biggest scam in existence right now. BTC does not work long term, as block rewards increasingly get cut in half and the transaction fees aren’t enough to incentivize the miners. It’s been well known outside the Bitcoin community, and slowly talked about within Bitcoin, with some core devs like Peter Todd talking about tail emission, but that would break the 21 million cap. Bitcoin is screwed.

https://www.cs.princeton.edu/~smattw/CKWN-CCS16.pdf

Which is ironic, considering how Bitcoin security budget will very likely decrease as time goes on with Bitcoin halvenings and low transaction fees going to miners