Proof of stake is incapable of producing a consensus

Re:Proof of stake is incapable of producing a consensus by Avshalom on Sunday November 28, 2021 @05:36AM (#29367827)

So literally one guy has control of Ethereum?

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Re:Proof of stake is incapable of producing a consensus by inter_netuser on Sunday November 28, 2021 @05:59AM (#29367937)

and every other PoS chain that relies on USDC and major exchanges.

So probably more than 1 guy. maybe 5-10.

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Re:Proof of stake is incapable of producing a consensus by oblio on Sunday November 28, 2021 @09:50AM (#29369316)

And how is that better than a government?

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Re:Proof of stake is incapable of producing a consensus by rufusroflpunch on Sunday November 28, 2021 @11:22AM (#29370107)

It’s not. There is a huge gulf between Bitcoin and the rest of the crypto space. Bitcoin is certifiably decentralized hard money with an ossified monetary policy. I believe it is reasonable to conclude that something like Bitcoin can only happen once. The rest of crypto space isn’t really trying to be money, or is only pretending to be.

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Re:Proof of stake is incapable of producing a consensus by lgvld on Sunday November 28, 2021 @12:14PM (#29370666)

& what about Monero?

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Re:Proof of stake is incapable of producing a consensus by danlugo92 on Sunday November 28, 2021 @02:46PM (#29372227)

Regardless of Monero's technicals, new upcoming updates to BTC will infuse with privacy, therefore making Monero et al redundant.

BTC is also getting smart contracts soon, which makes ETH redudant as well, but it will take a while before it catches up in terms of possible complexity of the contracts.

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