Initial Feedback on NuCypher's WorkLock

Published on 28 Mar 2019

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

Published on 25 Mar 2019

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

Published on 23 Dec 2018

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…