Staking Observations from NYC Blockchain Week 2019

Staking felt like a popular topic during NYC Blockchain Week 2019. I attended three staking events during the week. I spoke to many people representing proof of stake networks and staking companies along the way.The first event was a staking panel discussion hosted by Solana. I also contributed questions…

Announcing the Decentralized Staking Defenders

Proof of stake is starting to hit critical mass. The Cosmos mainnet launch seems to have opened to door for a flood of staking networks to come online in 2019. It's also at risk from the outset.Proof of Stake is Already at RiskStake on these networks is concentrating within…

Cosmos Delegator Survey Results

Updated 17 April 2019I first circulated this survey before the Cosmos Network launch. I circulated it again a week or so after launch. Here's a summary of the 55 responses it received.(Learn more about the Chainflow Cosmos validator and how to delegate to it here.)A few notes/caveats…

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…