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Is it possible/likely that exchanges are going to abuse their position and secretly use everyone else's ETH for proof of stake while they're holding it?
by jonplackett 5y ago
Is it possible/likely that exchanges are going to abuse their position and secretly use everyone else's ETH for proof of stake while they're holding it?
- rfd4sgmk8u 5y agoLike they do on all other PoS (worthless) coins? Yes. This is the fundamental problem. We have seen chain takeovers from this exact scenario. See Steem / Hive for an example of how this can go very wrong.