paradox606 on Nostr: Proof of stake protocols that become significant are immediately overrun by shadowy ...
Proof of stake protocols that become significant are immediately overrun by shadowy concerns who have virtually unlimited amounts of unsound money to throw at them, and as soon as their influence is established they begin to punch the holes necessary in the mechanism through governance attacks to subvert the people participating in that mechanism.
This is as true of fiat as it is of PoS altcoins.
Published at
2023-03-07 19:01:50Event JSON
{
"id": "81d2d34042073ec9fa1c19f20508b21a23fec3c1d3be127fda61decd86010f5b",
"pubkey": "53bca502fb100db3ebd61d88ef507639ef0cfa2416418770a48cbf027c042fc9",
"created_at": 1678215710,
"kind": 1,
"tags": [],
"content": "Proof of stake protocols that become significant are immediately overrun by shadowy concerns who have virtually unlimited amounts of unsound money to throw at them, and as soon as their influence is established they begin to punch the holes necessary in the mechanism through governance attacks to subvert the people participating in that mechanism.\n\nThis is as true of fiat as it is of PoS altcoins.\n\nhttps://nostr.build/i/nostr.build_da59900139f991a3a36db67e7c8d12bbb8ba2092723aa8e5d05197040ee9da69.jpg",
"sig": "e74c68dbb785e29c94c59e302253426fdd9ef92be3f2c1cd8a2f00c2fcef65dddaf7a6a66d3e7623b196947aa65fbe0356a57a8f1e48ae439a8449d3246b79e2"
}
