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someone235
Joined 1 year ago
Karma
5
Submissions
2
Member since
Mar 27
View on Hacker News
Recent submissions
Comment · 1 year ago
Btw, this is one of the reasons they wanted to revert the DaoHack - they didn't want a malicious entity to hold 5% of the stake
Comment · 1 year ago
If someone has 30% of the stake, he can keep his share forever if he wants to. If someone has 30% of the hash power he has to keep innovating and keep up with the competition to keep his share. This kind of dynamics makes PoW permissionless, since you don't need cooperation from other miners in order of joining the game.