The Most Important Project Phase is Also the Most Neglected
Planning is the most important project phase. Two emotions explain why it’s also the most neglected one.…
The Skin In The Game Staking Paradox
Validators having skin in the game increases proof of stake network security. That’s a common reason given to justify today’s staking economics. These are the same economics that encourage a rich-get-richer scenario. Some Skin Secures the Network This reasoning may hold true to a point. Yet it breaks…
Decentralizing Governance In Staking Systems
An Early Cosmos Case Study I joined the Cosmos Validator Working Group when it formed in October 2017. I've participated in every test net since then. The test nets have matured to a point where governance became relevant. The validator working group has emerged to become a decentralized staking system…
Early Proof of Stake Systems Are Encouraging Re-centralization
You need a lot to start. Then, the more you have, the more you get. This sounds like a "rich get richer" scenario to me. It sounds like a process that consolidates wealth in the hands of a small number of large asset holders. It sounds like the inequitable balance…
Why Even Decentralized Teams Need Centralized Coordination
Even decentralized teams need centralized coordination. At least they do if they want to ship something users will use on a consistent basis. Here's why.…