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Because the only threat from a 51% attack is rewriting a couple blocks until they recognized as attackers and they get kicked off the network because bitcoin us
by doomroot 5y ago
Because the only threat from a 51% attack is rewriting a couple blocks until they recognized as attackers and they get kicked off the network because bitcoin users actually validate blocks. In a PoS system there is an incentive for large stakeholders to increase block sizes. 1. It increases the usability of the network which increases the marketcap. 2. It pushes out smaller stakers who can’t afford to validate anymore because tx throughput becomes too high. If everyday people can’t validate the chain how can they fork it if they think the current block validators are acting against their interests? The ether account set will be far too large. So they’ll start from scratch.
- SwagtimusPrime 5y ago>because bitcoin users actually validate blocks so do Ethereum users. >In a PoS system there is an incentive for large stakeholders to increase block sizes. this doesn't work because of Ethereum's social contract, just like it wouldn't work with Bitcoin. Just because you stake a lot of ETH doesn't mean you suddenly have unilateral power to increase block sizes. There is a thing called consensus, and the entire community needs to achieve it to implement changes. Good luck trying to convince the community that bigger blocks that make it harder for small users to validate the chain is a good idea.