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Not sure if you're familiar with Ethereum, but they are decentralized in development and operations. It's really quite impressive.
by hanniabu 7y ago
Not sure if you're familiar with Ethereum, but they are decentralized in development and operations. It's really quite impressive.
- callalex 7y agoMy impression is that they have failed miserably.
- hanniabu 7y agoAnd why do you think that?
- miketery 7y agoSeems rather centralized to me, both from computing resource perspective - and those who were given founders stock / coins.
- bhl 7y agoIf Ethereum moves to proof of stake, than centralization / inequality of resources will equal inequality of wealth, which at that impasse asks the question what’s the point of having decentralized development?
- michaelsbradley 7y agoEthereum 2.0 will have a large number of validator nodes even at genesis[+] and the number will grow over time. A deposit of 32 ether will be required to become a validator — not cheap, but also not astronomically expensive. Here's a presentation from Devcon5 earlier this month demonstrating an Eth 2.0 client running on a Raspberry Pi: https://slideslive.com/38920013/eth-20-on-a-pi https://slideslive.com/38920013/eth-20-on-a-pi [+] https://github.com/ethereum/eth2.0-specs/blob/master/specs/core/0_beacon-chain.md#misc https://github.com/ethereum/eth2.0-specs/blob/master/specs/c...
- bhl 7y agoProof of stake solves a problem with energy and attack incentives, but it still doesn’t solve an inequality of resources within the system. A large number of validator nodes doesn’t run counter to that statement because just because anyone with 32 ether can be a validator doesn’t mean they will.
- hanniabu 7y agoI respectfully disagree that this is the case.