Will the new #ethereum proof-of-stake mechanism create a Bank of America of Crypto and a Digital Wells Fargo that will eventually control the system?
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@admin Why would it have any more possiblity to do so than the current model? In both cases anyone can invest to get control of a larger portion of the system, invest enough and you get a majority and control the system.
@freemo Today though, I understand, the mining of new coins is entirely decentralized but with proof of stake the question that was asked of me was ... doesn't this mean whales could corner the market on all new coins and with it the control the network. The incentive is there.
