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I believe your analogy is totally ill-structured and it misses the very main idea behind decentralization. There is no security guards, there is no concert-goer

by psKama 6y ago

I believe your analogy is totally ill-structured and it misses the very main idea behind decentralization. There is no security guards, there is no concert-goers and there is no superstar singing at the stage. There is only MH/s and every single MH/s is equal to other one. That's the all idea about the system proposed and has been used. Miners are wrong not because you believe different people should have different weighted power to change the system, they are wrong because the roadmap for PoS was well-established long long time ago giving them more than enough time to re-structure their revenue channels and invest accordingly. Therefore for them to say "we have been used. we invested a lot and now we are pushed aside" doesn't make any sense because the investment they had made until the roadmap for ETH2.0 was public has a ROI multiples times of what they invested already as of today. For them to say this there are 2 options. 1) They were living in a cage and missed the plans for ETH2.0 and even after the roadmap is public they kept investing in mining equipment which will be useless soon. 2) They are just greedy and they just want to keep the same earnings although they have not got even a single argument for "why keeping the high fees is good for the ecosystem" apart from it means more money for them.

TomSwirly 6y ago
> more than enough time to re-structure their revenue channels and invest accordingly. In other words, their business just goes away, but they can always start some other business?
- psKama 6y ago
  In other words, they have been notified 2+ years ago that, their business -which has been very profitable so far- would go away because there is a better technology which can be used so that the network can still run with less environmental impact on earth. I wish every business was that lucky to be notified that early against the next technological breakthrough which deemed them obsolete.

by psKama 6y ago

TomSwirly 6y ago

> more than enough time to re-structure their revenue channels and invest accordingly. In other words, their business just goes away, but they can always start some other business?

psKama 6y ago
In other words, they have been notified 2+ years ago that, their business -which has been very profitable so far- would go away because there is a better technology which can be used so that the network can still run with less environmental impact on earth. I wish every business was that lucky to be notified that early against the next technological breakthrough which deemed them obsolete.