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A comment on Trust: the inside story of the rise and fall of Ethereum. Parent comment

Re:Trust: the inside story of the rise and fall of Ethereum by dragonwriter on Wednesday February 15, 2017 @06:46PM (#13656633)
That's only true with a restricted definition of stakeholders and majority (e.g., miners weighted by mining capacity in Bitcoin). It's not a majority of individuals in the community using the blockchain.

So I'm not sure that it's really all that distinct from legislative majorities in traditional legal system (and clearly less of a genuine majority than in legislative systems where the public retains, whether or not it chooses to frequently exercise them, powers of initiative and referendum.)

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Re:Trust: the inside story of the rise and fall of Ethereum by onestone on Wednesday February 15, 2017 @08:44PM (#13657249)
I actually meant economic majority because that's what gives the token its value. A >50% hashrate majority in a PoW blockchain can censor transactions, but it's powerless if most users (or most precisely, the users who own most of the tokens) collectively decide to hardfork.
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