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Mustafa Al-Bassam
Co-founder @Celestia
I was probably wrong about this statement 5 years ago, given that PoS is a "closed loop" system. In hindsight, protocols like Lido DAO actually help to make the validator set more distributed - which is why I think they're worth baking directly in-protocol (proof-of-governance).

Mustafa Al-Bassam26.6.2019
To understand Libra's technical philosophy for decentralization, this comment is a good point to start: . Libra's 100 node closed set of validators is seen as more "decentralized" than e.g. Bitcoin, as Bitcoin has 4 pools that control >51% of hashpower.

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This is the same way that Bitcoin maxis see proof-of-stake btw
By the way, Ethereum is basically already proof-of-governance, as 1/3 of its validator set is chosen by the Lido DAO and Binance
Also it doesn't need to be off-chain governance, I'd advocate for on-chain governance

RYAN SΞAN ADAMS - rsa.eth 🦄9.7. klo 00.42
If you do this to your L1 network you are no longer in the non-sovereign store of value game.
And if you can do this to you network you probably never were.
There are two horses in the race non-sovereign store of value race.
BTC and ETH.

32,36K
This is the same way that Bitcoin maxis see proof-of-stake btw
By the way, Ethereum is actually already proof-of-governance, as most of its validator set is chosen by the Lido DAO
Also it doesn't need to be off-chain governance, I'd advocate for on-chain governance

RYAN SΞAN ADAMS - rsa.eth 🦄9.7. klo 00.42
If you do this to your L1 network you are no longer in the non-sovereign store of value game.
And if you can do this to you network you probably never were.
There are two horses in the race non-sovereign store of value race.
BTC and ETH.

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Mustafa Al-Bassam kirjasi uudelleen
🚀 Introducing Celestia Bridge Explorer
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#Celestia #ModularBlockchain #TIA $TIA

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Mustafa Al-Bassam kirjasi uudelleen
🎉 The XO Market Alpha v0.1 is LIVE! 🚀
The Conviction Market is open for business!
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No code? No worries → grab one from the random drops in our Discord.
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