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The attack scenario is an adversarial nation state who is not motivated economically and is intent on sabotage of the network.
by AffableSpatula 6y ago
The attack scenario is an adversarial nation state who is not motivated economically and is intent on sabotage of the network.
- DSMan195276 6y agoI don't understand what you're getting at, I was pointing out why Bitcoin hasn't moved to PoS even if it may actually be better.
- AffableSpatula 6y agoYou're right, I totally misread what you said. I think the answer to what you actually said is; miners don't control consensus on the network - it's not up to them, it's up to fullnodes/users who can change the ruleset whenever they want.
- DSMan195276 6y agoYou're good :) And I agree to a point, but miners are the ones that effectively run the network, and there aren't actually all that "many" of them. Without the existing miners willing to contribute the existing network would fall apart. PoS is an interesting situation because it technically makes the miners unnecessary, but obviously the miners are going to say "no" and just keep going with the existing Bitcoin. It would just create another Bitcoin Cash situation effectively, which is a lot less appealing than if everybody switched to PoS and left nobody using the old version.