Re:Bitcoin is not a store of value
by zeroclip on Monday September 19, 2022 @04:15AM
(#32895641)
> With Ethereum, Cardano, Solana, etc, your value is in the hands of where the developers choose to take the protocols. They can and have changed their monetary policies, and they will again.
The consensus mechanism has nothing to do with governance in most chains. Bitcoin and Ethereum governance is both determined off-chain through social consensus, based on what node and client software the honest users of the chain choose to run.
Re:Bitcoin is not a store of value
by TacoToni on Monday September 19, 2022 @09:10AM
(#32897816)
Yup - typically referred to as layer 0. The ETH devs cant willy-nilly change the protocol and expect social consensus to agree. As a solo staker i also have the choice of which node and client to run (like you said).
The consensus mechanism has nothing to do with governance in most chains. Bitcoin and Ethereum governance is both determined off-chain through social consensus, based on what node and client software the honest users of the chain choose to run.