rcarback on Nostr: Out of curiosity, are there any legal briefs or analyses from lawyers in this space ...
Out of curiosity, are there any legal briefs or analyses from lawyers in this space about this? If he's right, then why isn't he doing his job and taking the high profile projects to court to set a precedent?
Putting up money to win a lottery seems to fail the efforts of others part, but IANAL 🤷. There's also no risk of fraud or of losing the investment, so I don't see the point from a policy perspective.
I don't even think such a rule breaks most PoS systems, but instead it would force them to use a rent and guarantee model to the nominators (i.e., significantly more stake from the validator and significantly less profit for the nominator, as now stake is collateral to pay them for renting the nomination). That keeps the protocol viable but makes it harder to participate as a little guy for no ones benefit or risk.
Putting up money to win a lottery seems to fail the efforts of others part, but IANAL 🤷. There's also no risk of fraud or of losing the investment, so I don't see the point from a policy perspective.
I don't even think such a rule breaks most PoS systems, but instead it would force them to use a rent and guarantee model to the nominators (i.e., significantly more stake from the validator and significantly less profit for the nominator, as now stake is collateral to pay them for renting the nomination). That keeps the protocol viable but makes it harder to participate as a little guy for no ones benefit or risk.