Initial Feedback on NuCypher's WorkLock

NuCypher recently introduced a concept called the WorkLock. It's their initial proposal for "An improved token distribution model".I'm feeling optimistic to see NuCypher approach token distribution consciously and thoughtfully. It would be easier to simply follow what's been done to date. Instead, NuCypher's identified previous token distribution shortcomings and…

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 NetworkThis reasoning may hold true to a point. Yet it breaks down…

Decentralizing Governance In Staking Systems

An Early Cosmos Case StudyI 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 testing…