Fighting 20/80 on Cosmos

Terence Lam
Mar 17 · 6 min read

If you want something, you work, you perform, you borrow, you beg, you steal, you hack, you cry. You do everything to maximize your benefits according to your interpretations of the tokenomics. This is how blockchain works.

Different players take different actions according to the tokenomics. The design is that when everyone acts accordingly, the benefit to the network as a whole is optimized. We have got a delegation lower than what we have expected. Then we took actions. This is it.

  • Forbole has created Big Dipper, the block explorer for Cosmos ecosystem loved by a lot of people including you. It was one of the prize-winners of HackAtom3.
  • Forbole was named as one of the winners in the “Never Jailed” category in the Game of Stakes.
  • Forbole (in the name of “kwunyeung” on GitHub) ranked #1 in the Incentivised Testnet of IRISnet. IRISnet is the strategic partner of Cosmos with its IRIS Hub being the first regional hub in the ecosystem once inter-chain communication is enabled.

Small Cosmonauts, this is your duty to tell atoms holders how good you are. This is your duty to gain more delegations such that Cosmos can become more decentralized.

If you want to throw in the towel due to the disappointing distribution of voting powers, I recommend you to fight for 3 more months.

If you are great validator and you can get delegation by doing pull up, just fxxking do it.

There is a natural tendency towards centralization in a free market. This is like gravity. Big players who want to achieve decentralization need to use extra force proactively to hack 20/80 rule. How about 30/70 or even 38/62?

This is counterintuitive to request the leading validators and whales to give up their voting powers. They are just acting according to the tokenomics: maximizing their own benefits. ICF, as the non-profit making organization seems to be the only entity that has incentive to take counterintuitive actions.

I suggest ICF to take an aggressive approach to fight 20/80 rule. This is like using combustion to overcome gravity. ICF should delegate ALL its atoms to the qualified validators who are outside of the leading 20% validators until we see the 20/80 rule has been twisted to 30/70 and if possible, 38/62.

Why 38/62? Fibonacci ratio. Why 38/62? It’s magic. And yes, “ALL” its atoms, for that only means 10% of total initial supply which I guess is shrinking deal to inflation.

Based on the scoring criteria these players stayed in the validator set for the entire game. They demonstrated enormous skill at adapting to the adversarial network conditions and uncertainty about how to correctly configure nodes.

(disclose: Forbole is in this category.)

Think long term. Cosmos has trained a group of contributors with skills, experiences and passions. Don’t let them go easily.

Repeat. Various blockchain ecosystems are competing fiercely for the time of great validators. This is a long game. Don’t let them go easily. “B” grade validators will become “A” grade validators. “A” grade will become “S” grade. If you don’t give them chances (and the resources), we will not have enough validators to support the growing ecosystem.

Power tends to corrupt, and absolute power corrupts absolutely. We need to act and voice decentralization proactively and aggressively. This needs to be done both in form and in substance.

Decentralization shall prevail.


PoS blockchains validation and governance

Terence Lam

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PoS blockchains validation and governance