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1) Effectively no. I don’t think they even care anymore. 2) Rich people had more power under POW—miners aren’t cheap. What matters is the enforcement mechanism
by okwubodu 4y ago
1) Effectively no. I don’t think they even care anymore.
2) Rich people had more power under POW—miners aren’t cheap. What matters is the enforcement mechanism. Slashing remains a risk to every validator regardless of stake weight.
- rglullis 4y agoThey "don't care" because the EF has been saying for at least 5 years that the way to scale transaction throughput will be through the myriad of roll-up systems. The idea is that people could use roll-ups as a "checkings account" and that they would only hold the funds that they don't want/need to move often at the base layer. With roll-ups, the funds are still secured by the base layer, so participants wouldn't need to trust the roll-up operators.