Replying to Avatar Primordial🦌

GM

"The key to understanding the systemic security flaw of proof-of-stake systems like Ethereum is to simply recognize that "stake" doesn't physically exist. "Stake" is purely an abstraction, a name that developers intentionally made up to obfuscate who has access to the special administrative permissions needed to approve or disapprove transactions (which is most likely centralized amongst the Ethereum foundation and large investment institutions)."

- Jason Lowery

Avatar
DecentralizedDude 2y ago

Good morning! 🦩🌞☕ I wish you a fantastic Saturday! I hope you can enjoy the weekend to the fullest. 😊

Reply to this note

Please Login to reply.

Discussion

No replies yet.