2 ms·
> This is a very large step away from decentralization. The network depends not just on a few coders, but also on an institution checking whether nodes behave c
by bfung 4y ago
> This is a very large step away from decentralization. The network depends not just on a few coders, but also on an institution checking whether nodes behave correctly or not. The whole point of blockchain was that everyone would assume everyone was out to cheat, and came up with a way to make it useful.
Exactly. This is usually the tradeoff glossed over by PoS marketing, that decentralization is essentially lost and it's no different than government controlled currencies. Instead of the "elected officials", it's the crypto messiah's that control this currency. You can pay into it, just as you can try to pay into your local city, county, state, (assuming in the USA) etc...