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Barrin92

>Proof of stake lets players with the most money have the most say.

Okay, and what do you think the mining equipment is acquired with exactly?

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Miners don't really have much say, they cannot impose rules on the network, unlike PoS stakers.

PoS malicious stakers lose nothing in case of a split. Miners should they attempt a 51% attack will lose everything.

Not even in the same category.

>PoS malicious stakers lose nothing in case of a split

You can only support one side of a fork in PoS and if you try to play both sides anyone can form a proof showing you mined both forks and your stake gets slashed. This is the Nothing At Stake problem and well understood which makes your comment pretty confusing.

how do you objectively find out who is the attacker, so that you do not slash the victim on accident?

Can you give an example of what you mean?

There are no attackers or victims in the scenario of the chain forking and a block producer gooing out of their way to mine both chains with the same stake.

the chain splits in two.

how do you know which one to continue staking on to avoid getting slashed?

By default your validator software picks the unmodified chain unless you install a special update that lets it use the newly forked chain. If you do nothing you continue mining just one chain (the old one) and nothing is lost. If you validate with both then you are penalized. That can't really be done on accident.

It's the non-mining nodes that verify transactions and have the final say, and those can be run on home devices by regular people. That's the difference.

Non mining nodes do diddly squat.

Nonsense.

If miners's new block isnt accepted by the network - they've just lost millions.

Rules are enforced by block verification of the nodes that accept - or refuse to accept mined blocks.

It's amazing that in 2021 people still do not understand the basics of it.

Non mining nodes are programmed to follow the longest chain. That's so they are: readers. They are not writers. They act like slave nodes in a database. They have insignificant power in the grand scheme of things.

Longest _valid_ chain. Invalid blocks are just ignored.

That’s what miners do as well.

Yes. I just wanted to emphasize that in PoW coins, a rogue miner cannot force the whole network to accept blocks because all network participants (even passive non-miners) will just ignore the "invalid" block.

No, but if all the miners fork from all the non mining nodes, the chain with all the miners will be more secure. If a minority of miners side with the non mining nodes, that chain will be more vulnerable to disruption.

Would you hire a security company again, if they refused to protect you when the push comes to shove?

That's all miners are. Mercenaries hired for 10 minutes at a time.

Yeah exactly.

Not sure if you realize the implication of what happens if you arm a bunch of mercenaries and then fire them and turn your backs on them.

This has already played out.

The breakaway hostile fork is now worth 2 percent of the original work.

So..nothing?

I’m pretty sure that shows that miners follow the money. They will mine whatever chain where they can sell the block reward to the highest bidder.

Anyway I don’t think reality is as simple as your last comment suggests. There was a lot going on at the time including a lot of misinformation.

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