kaal:claim:3125827-014

Because almost all other blockchains distribute perfectly fungible currency tokens through initial sales or mining, there is a clear, computable answer to how much it would cost to corrupt or destroy a chain running a proof of stake protocol on cryptocurrency stakes.

Source quote, verbatim

Either way, these tokens are almost always perfectly fungible currencies, so there is a clear answer to how much it would cost to corrupt or destroy blockchain running a PoS protocol based on cryptocurrency stakes.

From

Craig Calcaterra, Wulf A. Kaal, Secure Proof of Stake Protocol (2018), 2.2 Soft attacks, p. 9
https://ssrn.com/abstract=3125827 · source PDF

Cite as

Craig Calcaterra, Wulf A. Kaal, Secure Proof of Stake Protocol (2018). SSRN: https://ssrn.com/abstract=3125827

Holds when

PoS chains whose stakes are perfectly fungible currency tokens

Classification

failuresupport: arguedfailure: priceable-corruption-costfamily: plutocratic-captureconsensus-and-securitysecurities-lawtokenomics

Related claims

generalizes kaal:claim:5254152-038 Reliance on fungible, publicly tradable governance tokens undermines a protocol's resilience by exposing it to...

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