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First: I guess you guys are talking about mining pools, not miners. Second: so long as there's one single mining pool that is not colluding, then any censorshi
by knocte 3y ago
First: I guess you guys are talking about mining pools, not miners.
Second: so long as there's one single mining pool that is not colluding, then any censorship attempt is going to be moot. You would need to have, not just 51% of mining-pool collusion, you need 100%!
Third: even if you had 100% collusion, this "problem" is actually being solved with technology, it's called Stratum V2 protocol. Stay tuned.
Last but not least: I'm really surprised this level of ignorance still exists in the HN community wrt crypto. I guess we are still early.
- jeremyjh 3y agoWhat we are talking about is something that already happened: the DAO rollback. So, it’s impossible? I’m really not surprised this level of ignorance exists in crypto fandom.
- knocte 3y agoIf the DAO rollback had been a successful attempt at censorship (e.g. 100% collusion of miners), then there would have not been a chain-split, but there was one, and as a result of that, both ETC and ETH exist today. Now, if you're suggesting one-off cases like this are the counter-argument for the censorship argument, I'll bring you the bad news: this has never happened on chains that are not shitcoins, e.g. bitcoin.
- knocte 3y ago(And what I mean with that is that bitcoin has never hard-forked to attempt a censorship attack like it happened with the ETH community. BTC has only hard-forked in emergency situations to fix bugs.)
- jeremyjh 3y agoSo the people who pulled off the DAO heist can redeem their ETH for cash somewhere?