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Transition to proof of stake consensus doesn't make a byzantine fault tolerant system anymore or less accessible to the everyman, it simply replaces depending o
by bhawks 4y ago
Transition to proof of stake consensus doesn't make a byzantine fault tolerant system anymore or less accessible to the everyman, it simply replaces depending on electricity to depending on investing directly into the protocol.
One may see the 'wealthy' as getting more 'say' but in reality they could (and did) just buy hardware that produces higher hashrates.
This performative ceremony is gone now to the benefit of all