4 ms·
Different issues. In PoS, the people with the most coins decide the protocol. In PoW, the people running nodes decide the protocol. See Segwit2x debate.
by gwicks56 5y ago
Different issues. In PoS, the people with the most coins decide the protocol. In PoW, the people running nodes decide the protocol. See Segwit2x debate.
- whatshisface 5y agoBut coins are fungible with dollars and dollars are fungible with mining the most coins... Most coins <-> Most USD <-> Most mining power <-> Most stake <-> Most coins.
- gwicks56 5y agoyeah, but that doesn't matter, no matter how much you mine, or how many coins you have, you don't get any more say in the protocol rules than the people running the nodes. Your stake is irrelevant, and whilst your hashpower secures the network, if you try to break/change the rules, nobody will accept the coins you mine.