Hacker News Reader

> legislation or a judge

Sure, if the judges can use their power of personal persuasion to convince the dispersed population of anonymous miners/stakers that they should adopt the contract modification (as ethereum community leaders did during the DAOsaster) they will be able to enact changes.

View on HN

This is based on a false narrative that miners/stakers determine the protocol. The protocol is determined by the nodes. The nodes produced by the dev team and run by the exchanges are the "economic majority" and are sufficient to change the protocol.

Perhaps this is confusing enough to trick regulators, however I'm not so certain.

Well, you make a fair point that miners are ultimately interested in mining on the fork with the largest economic activity. But just as with Bitcoin (where exchanges have lobbied for a blocksize increase for a long time already with zero success) I would argue the number of parties that affect overall economic activity is hard to pin down and includes a larger segment of the community than you suggest.

Thats a fair point

Reply on news.ycombinator.com