.01% of Bitcoin holders hold 27% of all Bitcoin

Re:.01% of Bitcoin holders hold 27% of all Bitcoin by DennisP on Saturday May 21, 2022 @01:22PM (#31459843)

Large stakers in PoS don't necessarily have more power over governance than large miners in PoW. Some PoS chains have on-chain governance that give special voting power to stakers, but Ethereum's PoS chain for example does not.

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by atweiden on Saturday May 21, 2022 @11:36PM (#31464688)

Just to make sure I understand correctly, Eth2 stakers have no “voting” power, but are relied upon in a core capacity to ensure the continued functioning of the network?

Something about this explanation seems incomplete.

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by DennisP on Sunday May 22, 2022 @08:35AM (#31467465)

Yes, that's exactly it. That's also how miners work in PoW. In both cases, they get paid for what they do.

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Re:.01% of Bitcoin holders hold 27% of all Bitcoin by atweiden on Sunday May 22, 2022 @07:03PM (#31473669)

Miners hold enormous political power in Bitcoin.

Users and developers are dependent on miners to create blocks. The negotiating power of miners is self-evident.

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