4 ms·

Layer 2 is not decentralized. POS is not decentralized Sharding has a unstoppable risk of a 51% attack. Ethereum has failed.

• ericb 7y ago
  > POS is not decentralized huh? > Sharding has a unstoppable risk of a 51% attack. So does bitcoin?
  • robertAngst 7y ago
    POS uses few users to validate transactions. This is not decentralized. > Sharding has a unstoppable risk of a 51% attack. >So does bitcoin? Bitcoin cost of 51 percent attack is ~400k for 1 hour. ETH is 90k for 1 hour. https://www.crypto51.app/ https://www.crypto51.app/
    • ericb 7y ago
      > Bitcoin cost of 51 percent attack is ~400k for 1 hour. ETH is 90k for 1 hour. Seems not wildly different to me and nearly the same order of magnitude, and you are also admitting that 51% is a concern for Bitcoin, so it sounds like we're agreeing now! > POS uses few users to validate transactions. The "few" can be quite a large number, and those same validators are by definition very invested.