Initial Feedback on NuCypher's WorkLock

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.…

The Skin In The Game  Staking Paradox

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…

Early Proof of Stake Systems Are Encouraging Re-centralization

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…