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by capableweb 1632 days ago
> consensus in blockchains is really controlled by the richest participants

I think that remains to be seen. Bitcoin miners have tried to show their "control" over the network by forking the chain (see Bitcoin Cash and other forks) while Bitcoin mainline remained the leader. Ethereum is moving towards PoS even though current miners obviously don't want that. If successful, I think Ethereum will prove the opposite, the network is indeed controlled by it's participants and experts/developers, and not by the miners.
1 comments
Closi 1632 days ago
Moving to PoS is still control according to the richest participants - it's just changing the metric from how you measure wealth from 'hash power' to 'amount of eth owned'.
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thebean11 1632 days ago
By some measure of “control” I guess. The BCash example is still valid for proof of stake, no matter how rich the miners are users still need to assign the forked chain value.
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