An investigation identified national security risks posed by a crypto facility in Wyoming. It is near an Air Force base and a data center doing work for the Pentagon.
  • @Tramort@programming.dev
    -3•1 year ago

    Because the stakeholders become the new central bank, with all the same motivations and conflicts of interest. You end up with a “staked class” and an “unstaked class”.

    This is a contributing factor to why ethereum can be rolled back: because the stakeholders didn’t like it.

    • @silence7@slrpnk.netOP
      5•1 year ago

      Bitcoin essentially has the same thing though — it’s just that the “staked class” is those who have built power-devouring ASIC facilities to compute lots of hashes. Get enough of them together, and you can roll back transactions via a Sybil attack, just as you can with organized action by stakeholders in a proof-of-stake cryptocurrency.