Re:Vitalik escalates ETH 2.0 merge as miners plan a 51% attack
by shawnz on Saturday March 13, 2021 @08:21AM
(#26446358)
The incentives of the miners are aligned with the users: The miners mine and then they get paid.
If the incumbent miners stop mining in protest of their future profits declining, then new miners will just come in to take the profits they are refusing to collect today. There is no incentive for them to conspire and every incentive for them to not conspire.
If the incumbent miners stop mining in protest of their future profits declining, then new miners will just come in to take the profits they are refusing to collect today. There is no incentive for them to conspire and every incentive for them to not conspire.