Ethereum is a bet that 1) Sharding will arrive in time. 2) Proof of stake holds up against state actors. 3) Flaws that lead to this summers Parity hacks can be overcome. No idea why people recommend this coin at current price level. Awful Risk/Reward
Imagine a state actor quietly infects a majority of honest miners with a virus. These miners are then turned hostile. What happens next?
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This scenario is dangerous for pretty much all protocols
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Yes, for PoW miners its problematic likely they have to reformat their nodes and resync. But for PoS where coins are tied up, and the protocol punishes bad behavior, it seems fatal.
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I wonder what’s the actual difficulty of inflicting a majority of nodes. Doesn’t seem like an easy task to me
End of conversation
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