Post
Topic
Board Altcoin Discussion
Re: Hardfork Confirmed. ETH and DAO Price Soaring.
by
ArticMine
on 09/07/2016, 03:52:53 UTC
No matter which side of the debate you're on, a person needs to laugh a little at the fact that Kraken utilized thier customers ETH to influence the vote. Wonder if they asked everyone's permission.

http://etherscan.io/tx/0xc165ab5726c66bb3db50544981f20d143b46a3e990d7b424dbf81d5070dd6278

Bankers doing what bankers do. No surprise we already knew it was all centralized anyway.

This is a classic example of  the fundamental weakness of proof of stake. There is no way for the blockchain to tell who is the beneficial as opposed to the nominal owner of the coins.

Edit: The economic crisis of 2008 was due to a large degree to the very same weakness in fiat banking.