You are viewing a single comment's thread from:
RE: Is there really decentralized cryptocurrencies?
EOS is more sovergn state resistant than BTC. So easy to seize 51% of hash power on bitcoin. So hard to control top 21 producers which can be changed in 3 minutes.
I think it depends on the way you look at it. While it is easier to seize 51% of hash power on bitcoin I wouldn't say it makes it even less sovereign state resistant than EOS. Bitcoin after the 2x agreement set the precedent that nodes matter sometimes more powerful than miners well full nodes. Bitcoin could also always just change its POW algorithm. When that happens, there would be huge chain splits. The gov will have to attack at diff angles. And the nodes storing at diff location would keep track of previous data. Bitcoin greater flaw EOS holders could be centered around few people. It probably won't happen but there is a greater fear in EOS. Plus not all eos holders will vote... Plus voting for another top 21 in less than 3 minutes will lead to huge mistakes on whom you voted in. We are humans after all-Both POW and DPOS are both systems that depends on diff ideologies.
Plus they could attack the top 21 at 21 diff location instead of attacking all bitcoin nodes and miners. If Top 21 producers join together and decide to make a coup to the whole thing that would also lead the same result of someone 51% bitcoin worse bc EOS is newer and challenging what decentralization means normally.
Never thought I would get Dan himself to comment on my comment :)