Re:Ethereum will use around 99.95% less energy post merge
by incrudible on Tuesday May 18, 2021 @02:21PM
(#27198849)
Fantasy. Nothing forces miners to accept transactions sent by nodes attempting to enforce some rule.
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Re:Ethereum will use around 99.95% less energy post merge
by rfd4sgmk8u on Tuesday May 18, 2021 @02:35PM
(#27199062)
Its the other way round -- nothing forces nodes to accept bad blocks from miners. An honest node would simply ignore the bad data. The exchanges run nodes, so I would rather be generating or receiving transactions on a chain (or fork) that its users are engaging with. Nodes accept blocks from miners, miners don't accept blocks from nodes.
Re:Ethereum will use around 99.95% less energy post merge
by drdeca on Tuesday May 18, 2021 @03:57PM
(#27200207)
Aren’t both things true? Miners can’t force nodes to accept blocks as being valid, nodes can’t force miners to include transactions in their blocks.
These statements are not in conflict.
Re:Ethereum will use around 99.95% less energy post merge
by ric2b on Wednesday May 19, 2021 @05:14PM
(#27214535)
The difference being that anyone can mine, so even if 99% of miners are censoring a transaction, it will still likely be confirmed in a block.
Re:Ethereum will use around 99.95% less energy post merge
by WanderPanda on Tuesday May 18, 2021 @03:09PM
(#27199517)
Isn’t there an incentive to run a node for privacy? With your own node you are not leaking your xpub and you don’t leak your transactions by staring at them on a block explorer
Re:Ethereum will use around 99.95% less energy post merge
by Ekaros on Tuesday May 18, 2021 @05:11PM
(#27201203)
Wouldn't your own node unless properly hidden be higher chance of leaking your transactions? As I would expect them to come from your own node... Ofc, tracking the ones made from other services sure it is safer.
Re:Ethereum will use around 99.95% less energy post merge
by incrudible on Tuesday May 18, 2021 @03:52PM
(#27200149)
Where do those honest blocks come from, if not from honest miners? Where do honest miners come from?
Re:Ethereum will use around 99.95% less energy post merge
by minsc__and__boo on Tuesday May 18, 2021 @02:52PM
(#27199303)
Nodes still work on consensus, and given that they have no incentivization to exist, they have been dropping in number over years.
Re:Ethereum will use around 99.95% less energy post merge
by jasode on Tuesday May 18, 2021 @03:56PM
(#27200186)
>Fantasy. Nothing forces miners to accept transactions sent by nodes attempting to enforce some rule.
I deleted a previous reply to you because I think I may have misunderstood what you wrote. In any case, are you saying the majority of miners have the ultimate control of the protocol rules of the cryptocurrency?
Re:Ethereum will use around 99.95% less energy post merge
by incrudible on Tuesday May 18, 2021 @04:07PM
(#27200328)
Not in principle, but I do believe this to be the case for Bitcoin specifically. Network majority is distinct from minor majority, but obviously miner (or stakeholder) majority is an extremely important part of it.
Re:Ethereum will use around 99.95% less energy post merge
by jasode on Tuesday May 18, 2021 @04:15PM
(#27200413)
>Not in principle, but I do believe this to be the case for Bitcoin specifically. Network majority is distinct from minor majority, but obviously miner (or stakeholder) majority is an extremely important part of it.
In 2017, the majority of miner hashpower wanted to change the Bitcoin protocol to increase 1MB blocksize to 2MB but the SegWit2x failed to be adopted. What's your interpretation of that event?
Re:Ethereum will use around 99.95% less energy post merge
by incrudible on Wednesday May 19, 2021 @08:22AM
(#27207588)
They signaled support for it, but when push came to shove, they bailed.
I'm not saying 51% of miners decide what the rules are. Suppose you had a Bitcoin fork that had 80% of the hashrate. How long would that situation need to persist until the major network participants decide to call that fork "Bitcoin"?