Re:Ethereum will use around 99.95% less energy post merge
by leishman on Tuesday May 18, 2021 @02:50PM
(#27199276)
You can mine anonymously, you can't stake anonymously.
Re:Ethereum will use around 99.95% less energy post merge
by Dylan16807 on Tuesday May 18, 2021 @02:57PM
(#27199374)
But my comment is about whitelisting, not blacklisting. The ability to be anonymous won't stop whitelisting.
Re:Ethereum will use around 99.95% less energy post merge
by leishman on Tuesday May 18, 2021 @04:31PM
(#27200638)
Sure but the difference with mining is that having a majority of hashrate doesn't allow you to maintain that majority in perpetuity. You have constant operating expenses that require you to sell your Bitcoin, along with constantly growing competition. Just look at the rise and fall of large Bitcoin miners. With PoS if you are the biggest on day 1 you will probably be the biggest on day 1,000.
Re:Ethereum will use around 99.95% less energy post merge
by Dylan16807 on Tuesday May 18, 2021 @07:26PM
(#27202637)
It might mathematically keep you in charge forever, but if you can stop almost anyone from being able to profit then it's very unlikely people will invest enough to override you.
And the motivation not to do it is the same, people will get mad and stop using the grossly manipulated coin.
Sure they can. It's easy to only mine on top of blocks from certain sources, and if most of the network does this then those are the only blocks that matter.