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Well, there have been sceptics that said that PoS is more prone to centralized control than PoW. Seems like they've been right.

by ls15 4y ago

exo762 4y ago
> Well, there have been skeptics that said that PoS is more prone to centralized control than PoW. Seems like they've been right. Except nothing that happen actually proves their point. PoW had "luxury" of being concentrated outside of US and yet, miners censored. Also, whole story is barely news. Tornado Cash txs don't get included in some blocks. Which means that they have to wait 30 seconds instead of 15 seconds. Yeah, the sky is falling. Please note that both mev-boost authors and core-devs are aligned w.r.t censorship resistance being the most important feature of Ethereum. They all work to assure that even such non-events like this are really hard to cause.
nicbou 4y ago
I'm a bit behind the times with crypto, but my question was closer to this: Didn't people foresee that governments would control crypto when it interfaces with the real world? They can pressure the banks, the exchanges, and any crypto infrastructure within their borders. The government can't stop crypto completely, but they can make it really painful to use and thus reduce its value. Assume that I'm asking in good faith, but with imperfect knowledge.
- datadata 4y ago
  They did. The primary solution to this is decentralization. The more people holding up a project, the greater effort a government must exert to stop it.
- xiphias2 4y ago
  Of course they did, Adam Back and many others in the OG crypto community risked going into prison for exporting cryptography algorithms on T-shirts, as they believed that end-to-end communication and privacy is a basic human right. They are still fighting for the same thing for the last 30 years, just now with peer-to-peer money. Sancioning people based on the country they were born is the antithesis of what many of us are still fighting for.

Well, there have been sceptics that said that PoS is more prone to centralized control than PoW. Seems like they've been right.

by ls15 4y ago

Well, there have been sceptics that said that PoS is more prone to centralized control than PoW. Seems like they've been right.

exo762 4y ago

> Well, there have been skeptics that said that PoS is more prone to centralized control than PoW. Seems like they've been right. Except nothing that happen actually proves their point. PoW had "luxury" of being concentrated outside of US and yet, miners censored. Also, whole story is barely news. Tornado Cash txs don't get included in some blocks. Which means that they have to wait 30 seconds instead of 15 seconds. Yeah, the sky is falling. Please note that both mev-boost authors and core-devs are aligned w.r.t censorship resistance being the most important feature of Ethereum. They all work to assure that even such non-events like this are really hard to cause.

nicbou 4y ago

I'm a bit behind the times with crypto, but my question was closer to this: Didn't people foresee that governments would control crypto when it interfaces with the real world? They can pressure the banks, the exchanges, and any crypto infrastructure within their borders. The government can't stop crypto completely, but they can make it really painful to use and thus reduce its value. Assume that I'm asking in good faith, but with imperfect knowledge.

datadata 4y ago
They did. The primary solution to this is decentralization. The more people holding up a project, the greater effort a government must exert to stop it.
xiphias2 4y ago
Of course they did, Adam Back and many others in the OG crypto community risked going into prison for exporting cryptography algorithms on T-shirts, as they believed that end-to-end communication and privacy is a basic human right. They are still fighting for the same thing for the last 30 years, just now with peer-to-peer money. Sancioning people based on the country they were born is the antithesis of what many of us are still fighting for.