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Not necessarily. This is actually orthogonal to decentralization question. Very much depends on their proof of stake implementation.
by vernon99 9y ago
Not necessarily. This is actually orthogonal to decentralization question. Very much depends on their proof of stake implementation.
- edraferi 9y agoI agree. It's more like they're retaining control of the money supply like a central bank does. It give you the power to indirectly influence the price / exchange rate of the currency, but you're not involved with every transaction.
- hndamien 9y agoExcept that you are with Proof of Stake.
- maksimum 9y ago> Very much depends on their proof of stake implementation Exactly, if someone with >50% power can essentially double spend it makes the currency as a whole almost worthless. As a result it's very much in the creator's interest to either not have >50% or to come up with a distributed consensus algorithm where a majority party can't double spend (very hard).