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There is no such thing as a "miner takeover" because miners don't vote. Unlike with proof of stake. The only powers they have are to censor transactions, condu
by javert 4y ago
There is no such thing as a "miner takeover" because miners don't vote. Unlike with proof of stake.
The only powers they have are to censor transactions, conduct denial of service and (if they have over 50%) conduct a double spend attack.
What you are describing in #1 is a government takeover of miners.
Definitely a nit pick, but what are we here for if not for that?