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RE: In a World of Uncertainty, HBD is Proving to Be The #1 Stablecoin

in LeoFinancelast year (edited)

It doesn't take "untold" amounts of validators to make a majority and thus alter consensus on Ethereum. What matters is the number of institutions and/or individuals operating nodes (the number of nodes they operate is irrelevant when they're operated by the same people or institutions) with sufficient stake to have over 50%. And the fact that such a large amount of staked Ethereum is held and operated by institutions (exchanges) particularly makes it vulnerable to state pressure. 3 of the top 5 entities in Ethereum staking have already bowed to state pressure in the past. If there is any weakness in the decentralization of LIDO (itself having a small number of people who own more than 50%), then those 3 along with LIDO would have the 50% required to implement a censorship regime.

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Thanks for your replies. Your insights are most welcome to me at this time.