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A comment on Ledger – the first peer-reviewed journal on blockchains and cryptocurrencies. Parent comment

Re:Ledger – the first peer-reviewed journal on blockchains a... by capableweb on Tuesday January 04, 2022 @07:56AM (#29794203)
> consensus in blockchains is really controlled by the richest participants

I think that remains to be seen. Bitcoin miners have tried to show their "control" over the network by forking the chain (see Bitcoin Cash and other forks) while Bitcoin mainline remained the leader. Ethereum is moving towards PoS even though current miners obviously don't want that. If successful, I think Ethereum will prove the opposite, the network is indeed controlled by it's participants and experts/developers, and not by the miners.

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Re:Ledger – the first peer-reviewed journal on blockchains a... by Closi on Tuesday January 04, 2022 @08:22AM (#29794396)
Moving to PoS is still control according to the richest participants - it's just changing the metric from how you measure wealth from 'hash power' to 'amount of eth owned'.
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Re:Ledger – the first peer-reviewed journal on blockchains a... by thebean11 on Tuesday January 04, 2022 @09:06AM (#29794846)
By some measure of “control” I guess. The BCash example is still valid for proof of stake, no matter how rich the miners are users still need to assign the forked chain value.
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