• Strykker
    link
    fedilink
    arrow-up
    19
    arrow-down
    1
    ·
    9 days ago

    You don’t need 51% of the world’s power though, just 51% of the power of people who care about how the system works. Most people using block chain cryptos don’t care at all, so the threshold is a tiny percentage of the user base.

    • DannyBoy@sh.itjust.works
      link
      fedilink
      English
      arrow-up
      5
      ·
      9 days ago

      Yeah you’re right. I was thinking specifically Bitcoin and the astronomical amount of compute power that’s behind it.

    • hddsx@lemmy.ca
      link
      fedilink
      arrow-up
      4
      ·
      9 days ago

      That’s proof of work. Proof of stake is you just need more than everyone else, right?

      • ConnecticutKen@lemmy.world
        link
        fedilink
        arrow-up
        3
        ·
        edit-2
        9 days ago

        It works more like loaning money and then receiving interest, except you are loaning crypto to the network and then you get it back, plus some, after a certain period of time