/biz/ - Business & Finance

>>51478165

golden bullrun starts now

>>51453610

If a group controls 51% of hash you can always fork the chain, also this is pretty much impossible to do as you would need the largest pools to cooperate and brick their own chain.

You may say this is similar to PoS in that the largest validators could unite to commit a 51% attack if they had enough of a stake, but the difference is it’s easier to control PoS because once you have the coins, it’s over, you own that power as long as you hold the coins, with PoW, hashrate is in flexible supply, you can always add or takeaway hash to determine the degree of decentralization.

Also PoW coins took actual work to make, which contributes to their value, PoS tokens are literally pulled out of the creators ass and delegated to his chums, like some kind of aristocracy.