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0 pointskeymone4y ago0 comments

Nonsense. Mining gives you zero votes. Miners don’t control the protocol. Governance is not determined by hashrate. This is just another major flaw that all PoS shitcoins have.

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lottin4y ago

No one is talking about governance. The term "consensus" refers to the decision about which transactions to append to the ledger, and the decision is to go with whatever set of transactions the miner that has spent the most money has chosen. It has nothing to do with governance issues.

keymoneOP4y ago

then if you're not talking about governance, you're still wrong. there's no voting, only if you insist on re-defining what words mean, at which point i won't be interested in continuing the discussion.

Jweb_Guru4y ago

Of course there is voting. Who do you think decides which transactions go in the chain, and in what order? The miner who wins leader election during this round (in Bitcoin anyway) does, and the rest of the nodes decide whether to accept its vote. The other nodes can also choose to reject this vote for a while, as long as after seeing it they don't accept a chain with less hashpower, and still follow the protocol (more or less).

The leader can even opt to put no transactions in the current block, something that has actually happened on many occasions: https://www.theblockcrypto.com/post/67928/bitcoin-miners-are.... Obviously, the leader was making a decision here, there were not actually zero transactions to process :)

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