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A comment on Proof of stake is incapable of producing a consensus. Parent comment
Their contribution is what makes the currency work.
They are some of the main profiteers from the currency.
You can't do a fork or rule change without enough miners going along (I mean you can but it would not have much value).
So in practice have all the governing/decision making power (as a group not a single person).
Sure they might not come up with changes, but they do decide weather any change do take effect in the end.
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Their contribution is what makes the currency work.
They are some of the main profiteers from the currency.
You can't do a fork or rule change without enough miners going along (I mean you can but it would not have much value).
So in practice have all the governing/decision making power (as a group not a single person).
Sure they might not come up with changes, but they do decide weather any change do take effect in the end.