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by mattdesl 1233 days ago
What you are describing does exist in some blockchains, like Tezos. But Ethereum's governance is social: not driven by token stake or "coin voting." In Ethereum PoS, users do not cede control of the protocol to validators - the users who run nodes and decide what software to run effectively own and control the protocol.

If the protocol starts to suck, users can change or fork the protocol (this has already happened multiple times, PoS being the latest example).