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This is nonsensical. PoS users can change any parameters of the chain just as easily as PoW users can change the hashing algorithm. If all the PoS users switch
by woah 6y ago
This is nonsensical. PoS users can change any parameters of the chain just as easily as PoW users can change the hashing algorithm. If all the PoS users switch to a version of the full node and or light client software that has the biggest holder’s balance reduced to zero, there is nothing anyone can do to stop them. It is the exact same thing as if PoW users switch to a full node software with a different hashing algo.
- inter_netuser 6y agoI think the most fundamental difference that "balanced reduced to zero, is not even up for discussion in Bitcoin. Some Orwellian newspeak right there. "Reduced to zero". Just call it what it is: blacklists. Blacklists = permissioned access. Behave or we blacklist your coins. Welcome to Fiat 2.0
- woah 5y agoWhatever. All Bitcoin users could also switch to a client that reduces someone's balance to zero.