> Well of course they have to determine it themselves otherwise they are centralized and dependent on a third-party. PoW doesn't have that problem. > Please e

> Well of course they have to determine it themselves otherwise they are centralized and dependent on a third-party. PoW doesn't have that problem. > Please expand on what you think is flawed and what are the downsides. If I make a parallel version of the chain where I got all the mining rewards from block one and ended up with a majority stake, how do you decide between that and the other chain?