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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
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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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