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RE: Charlie Lee, Litecoin Creator: "For Litecoin To Be Fully Decentralized, I May Need To Step Away"

in #bitcoin7 years ago
"DPoS allows, in my opinion, for a larger degree of governance flexibility than PoW, and that may, eventually, increase the overall resilience of the entire ecosystem."

Vitalk has criticized DPoS quite heavily in one of his latest posts: https://vitalik.ca/general/2018/03/28/plutocracy.html

DPoS blockchain may turn out to be really vulnerable to gov. manipulation as they are a number of ways to blackmail/control the delegates once they're identified in the real world.

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I know Vitalik is not very fond of DPoS. I don't think it's perfect also. I just think it's way better than PoW.