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https://vitalik.ca/general/2020/11/06/pos2020.html https://vitalik.ca/general/2020/11/06/pos2020.html >For certain kinds of 51% attacks (particularly, revertin
by leesec 5y ago
https://vitalik.ca/general/2020/11/06/pos2020.html https://vitalik.ca/general/2020/11/06/pos2020.html
>For certain kinds of 51% attacks (particularly, reverting finalized blocks), there is a built-in "slashing" mechanism in the proof of stake consensus by which a large portion of the attacker's stake (and no one else's stake) can get automatically destroyed.
- lasagnaphil 5y agoTo be honest, even without the actual 51% attacks happening, it would really suck to live in a world where just one entity had more than half ownership of a currency used by the people.
- SkyMarshal 5y ago>it would really suck to live in a world where just one entity had more than half ownership of a currency used by the people. You mean, kinda like in the real world? [1]:https://www.oxfam.org/en/press-releases/worlds-billionaires-have-more-wealth-46-billion-people https://www.oxfam.org/en/press-releases/worlds-billionaires-... [2]:https://www.oxfam.org/en/5-shocking-facts-about-extreme-global-inequality-and-how-even-it https://www.oxfam.org/en/5-shocking-facts-about-extreme-glob...
- jyu 5y agoIs it so hard to imagine that the US gov't does not want coinbase, gemini, etc to process payments from "terrorists" and block their transactions?