MarkHarvey on Nostr: “Just like there is no spoon inside The Matrix, there is no "stake." The term ...
“Just like there is no spoon inside The Matrix, there is no "stake." The term "stake" is just a metaphor for the special administrative privileges given to users who own ETH. It's purely an imaginary concept, an object-oriented software abstraction that doesn't physically exist and therefore is physically impossible to verifiably decentralize.
"Stake" (and consequently the special administrative privileges it represents)
cannot be decentralized anywhere except exclusively within people's imaginations because "stake" itself is an abstract concept. Proof-of-stake systems are what's known as decentralized in name only (DINO) systems because it's physically impossible to verify that "stake" isn't already majority-owned by a single person or institution”
Jason Lowery
"Stake" (and consequently the special administrative privileges it represents)
cannot be decentralized anywhere except exclusively within people's imaginations because "stake" itself is an abstract concept. Proof-of-stake systems are what's known as decentralized in name only (DINO) systems because it's physically impossible to verify that "stake" isn't already majority-owned by a single person or institution”
Jason Lowery