nisc
nisc
Sep 3, 2018 · 1 min read

How does this statement harmonize with today’s protocols/platforms, where stakeholders who passively support the system (e.g., PoS validators/stakers) participate in the economic value creation. I thought the idea here was to (directly or indirectly) align the cost to attack the network with the economic value provided by the network.

Also, Apple’s “30%” is not pure greed. Apple actually delivers some value in return. In the decentralized example, there are several “Apples” who split a fraction of the “30%” — whatever is left after removing the greed. In a way, we’re not really removing intermediaries — we are creating competition and splitting up monopolies.

nisc

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nisc

https://twitter.com/niscr — https://keybase.io/nisc — all opinions are my own.

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