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None. Suffer. (lemmy.world)

submitted 2 weeks ago by Stamets@lemmy.world to c/whitepeopletwitter@sh.itjust.works

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[–] Strykker@programming.dev 19 points 2 weeks ago (2 children)

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 5 points 2 weeks ago

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

[–] hddsx@lemmy.ca 4 points 2 weeks ago (1 children)

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

[–] ConnecticutKen@lemmy.world 3 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

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

[–] hddsx@lemmy.ca 2 points 2 weeks ago

Is the network not considered a third party