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"Trustless" is a very tricky concept. Instead of trusting a centralized authority bound by laws and regulations, you trust an assumption that enough independent

"Trustless" is a very tricky concept. Instead of trusting a centralized authority bound by laws and regulations, you trust an assumption that enough independent parties will continue spending significant amount of computation power on mining without merging or colluding to execute a 51% attack. It holds for now, but once the spirit of the 2017's hypergrowth fades away, things may start to look differently.

GenericsMotors 8y ago
And proof of stake has its own problems, if the EOS project is anything to go by...
- TTPrograms 8y ago
  EOS's issues are due to its convoluted governance structure, not POS.
  - GenericsMotors 8y ago
    Not having one vote per person seems to be one of the main grievances. How will ethereum solve this aspect?
    - TTPrograms 8y ago
      Voting has nothing to do with it, let alone votes per person. PoS doesn't require a voting system as EoS has implemented. The problem is having transaction inclusion decided by individuals that are voted in. It's analogous to having a democratic-republic government running a computer program.
      - GenericsMotors 8y ago
        So still plagued by whales and cartels dominating the votes.