Re:Mainnet Merge Announcement
by howinteresting on Wednesday August 24, 2022 @11:15AM
(#32580504)
If most of the miners collude like that than ETH will lose most of its value. The game theoretic aspect of PoS is an important part of its overall security.
[ Parent
| on HN ]
This is only true if ETH remains a niche security and not a widespread currency. A large population won't drop a commonly used currency because of ideological concerns like miner collusion. Indeed, they'll have massive incentive to keep using it since their saving may be denominated in it.