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Nope, it's still distributed consensus rather than centralized. If one banker stops being nice, he'll loose all his funds. The current system either ignores peo

Nope, it's still distributed consensus rather than centralized. If one banker stops being nice, he'll loose all his funds. The current system either ignores people not-being-nice or ejects them, but they'll never lose what they made. Compared to PoS where the biggest incentive is to be nice.

jayd16 6y ago
The fear is that there will be a powerful in-group that has majority control, not just a single bad actor.
- runarberg 6y ago
  Correct me if I’m wrong, but isn’t that a problem shared with PoW?
  - jayd16 6y ago
    I would argue that POW tends towards specialization of the hardware, congregating power in few hands, so yes. Yes it is.