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This is based on a false narrative that miners/stakers determine the protocol. The protocol is determined by the nodes. The nodes produced by the dev team and r
by aakilfernandes 10y ago
This is based on a false narrative that miners/stakers determine the protocol. The protocol is determined by the nodes. The nodes produced by the dev team and run by the exchanges are the "economic majority" and are sufficient to change the protocol.
Perhaps this is confusing enough to trick regulators, however I'm not so certain.
- drcode 10y agoWell, you make a fair point that miners are ultimately interested in mining on the fork with the largest economic activity. But just as with Bitcoin (where exchanges have lobbied for a blocksize increase for a long time already with zero success) I would argue the number of parties that affect overall economic activity is hard to pin down and includes a larger segment of the community than you suggest.
- aakilfernandes 10y agoThats a fair point