4 ms·
The miners do not give Ethereum its value; the market does.
by cachvico 6y ago
The miners do not give Ethereum its value; the market does.
- arcticbull 6y agoIt has no value without security and transactibility which is what the miners provide.
- rcxdude 6y agoNot in proof of stake (which provides it through stakers instead), which is what this whole thing is about.
- arcticbull 6y agoWell, this is about a 51% attack by the PoW miners and PoW is the law of the land. That’s why I replied in that way.
- shawnz 6y agoThey are paid fairly in exchange for providing it. If the current set of miners decide that they don't like Ethereum anymore then those profits are sitting on the table for anyone to take.