Re:What in the Ethereum application ecosystem excites me
by DSingularity on Wednesday December 07, 2022 @08:13AM
(#33893940)
They can’t censor transactions? They can’t block certain protocol updates by continuing to use old/custom clients?
Re:What in the Ethereum application ecosystem excites me
by rglullis on Wednesday December 07, 2022 @08:03PM
(#33902727)
> They can’t censor transactions?
Not forever.
> They can’t block certain protocol updates by continuing to use old/custom clients?
They could try, but if that was clearly against the interests of the rest of the community, the minority could counteract by adopting a client that forked the chain to a state where the majority holders are slashed.
It costs currently over $10B to pull off this attack, and the rest of the network can do a fork and burn all your tokens as soon as they notice. So game theory wise it makes no sense.