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randomran01234 | 3 years ago

Interesting, so this is a problem if 66% or more decide to reject a transaction. How many blocks are currently signed by solo miners in PoW? Almost all blocks are signed by pools which looks like the PoS committees in practice yo my naive eyes. A miner with 0.1% hash power would probably be a very long delay.

I do agree this is probably the most concerning thing that Tornado Cash sanctions have shown us. Still don’t think the energy cost of PoW is worth it, and would rather see PBS and crList solve this problem.

https://notes.ethereum.org/@fradamt/H1ZqdtrBF

discuss

order

TakeBlaster16|3 years ago

The difference is that PoW pools are made up of individual miners who are free to go elsewhere if their pool misbehaves. Pools do not have their own mining hardware, and so they have an economic incentive to be well-behaved. If they misbehave, everybody leaves and they vaporize their business overnight.

PoS is tyranny of the majority: You cannot take your business elsewhere.

randomran01234|3 years ago

It’s the same with staking. If you aren’t solo staking, you are just delegating to a staking pool. And you can withdraw that and deposit it elsewhere if they do not align with your values.