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Pooling in PoW still means the pool operators are the ones to vote on proposals through the block mining. That is the whole point of decentralization...if one
by j_walter 5y ago
Pooling in PoW still means the pool operators are the ones to vote on proposals through the block mining. That is the whole point of decentralization...if one or two large pools (Ethermine and Sparkpool) get too big then they can sway proposals almost single handedly (they have 45% of ETH hash rate now).
- nybble41 5y ago> That is the whole point of decentralization...if one or two large pools (Ethermine and Sparkpool) get too big then they can sway proposals almost single handedly… If the pool operators don't actually own the mining hardware then their power is limited to what the participants in the pool, who do own the hardware, allow them to do. If as an individual miner you don't like what your pool operator is doing you can always switch to another pool and take your delegated influence with you. Most proposals require supporting votes in many blocks before they take effect, so you have time to choose a more representative operator.