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Howso? Those people cannot pervert the actual transaction, they will be slashed, and the money I believe goes to the node who proves them wrong, as incentive (d
by jovial_cavalier 4y ago
Howso? Those people cannot pervert the actual transaction, they will be slashed, and the money I believe goes to the node who proves them wrong, as incentive (don't quote me). It remains completely decentralized and effectively ungovernable, which I believe is the primary goal of cryptocurrency. I don't think it was ever meant to address the "rich get richer" effect.
Also, the practical upshot of the previous dynamic was that only people who could afford thousands of GPUs/ASICs/FPGAs could verify transactions, so it was basically the same effect with more steps.