$BTC

Bitcoin, using P2P and PoW, is highly decentralized with scattered nodes, making full ban very hard despite mining pool centralization risks. Ethereum, after switching to PoS, has lower energy consumption but faces validator concentration issues (e.g., Lido's high share) and potential regulatory scrutiny, though its complex node architecture adds ban difficulty. PoS penalizes malicious validators via asset confiscation but may be affected by staking node regulations. Thus, PoW is seen as the people's value consensus currency.

(比特币基于 P2P 网络和 PoW 机制，去中心化程度高，节点分散，虽存在矿池中心化风险，但彻底封禁难度极大。以太坊合并后转为 PoS 机制，能耗降低，但存在验证者集中问题（如 Lido 占比高）及潜在监管审查，不过其复杂的节点架构增加了封禁难度。PoS 通过没收资产惩罚恶意验证者，但可能受质押节点监管影响。因此，PoW 被视为人民的价值共识货币。)