Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack
by gruez on Friday March 12, 2021 @11:34PM
(#26443985)
And how does the ethereum network differentiate two people with different wallets and one person with two wallets? Short of attaching some sort of real world identity to ethereum wallets it's impossible to tell whether someone controls 51% of staked ETH because it's trivial to split that up.
To me "it" is pretty clearly referring to controlling 51% of staked ETH.
I don't know about the economics behind whether that would cause the value of ETH to decrease, but Bitcoin seems like a different situation altogether since miners don't control the the cryptocurrency itself.