Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent
by nivexous on Wednesday January 02, 2019 @10:31PM
(#18812607)
You're making a different point. Yeah miners can get screwed in a PoW change, but the chain's fundamental properties are not at risk. Users have assets on both chains in a fork and if one chain does something terrible (or even just different) the market will reflect. With PoS, the majority remain the majority ... unless you support mob theft, a bad precedent I would say.
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Re:Ethereum Plans to Cut Its Energy Consumption by 99 Percent
by bouncycastle on Wednesday January 02, 2019 @10:43PM
(#18812646)
Nope, if an attacker does something bad (eg. a group forms a 51% cartel and starts censoring transactions), then they can be forked out and their stake slashed in the fork that doesn't censor the transactions. I really do not see a problem here? It's even better security than PoW, because once the attackers have their stake slashed, they can't attack anymore. With PoW, the miners can keep on doing a 51% attack even after the fork, indefinitely.
PoS is way more secure.