Re:Proof of stake is incapable of producing a consensus
by md_ on Monday November 29, 2021 @03:44AM
(#29377621)
> Proof of Work does not get you any votes at all.
Hmm, maybe I’m ignorant, but in practice, don’t miners (socially, not technically) have substantial say in issues like the block size debate?
If you want to create a hard fork of the chain for any reason, whether people accept your fork as legitimate will in part reflect the total hashing power of that forked chain, right? So in practice what miners choose to follow will have a big impact.
Maybe not quite the same as PoS in-chain voting, but it still seems to give large miners outsized power, no?
Hmm, maybe I’m ignorant, but in practice, don’t miners (socially, not technically) have substantial say in issues like the block size debate?
If you want to create a hard fork of the chain for any reason, whether people accept your fork as legitimate will in part reflect the total hashing power of that forked chain, right? So in practice what miners choose to follow will have a big impact.
Maybe not quite the same as PoS in-chain voting, but it still seems to give large miners outsized power, no?