kaal:claim:3125827-020

The current dominance of altruists in the crypto space will not persist: once the crypto economy matures, an influx of hedgers and rent seekers can be anticipated with certainty, and they will exploit any weakness in the system for profit.

Source quote, verbatim
However, once the crypto economy is mature, we cannot assume users will continue to behave altruistically. We can anticipate, with certainty, an influx of hedgers and rent seekers who will quite naturally exploit any weakness in the system for profit.
From

Craig Calcaterra, Wulf A. Kaal, Secure Proof of Stake Protocol (2018), 2.2 Soft attacks, p. 11
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
Classification

predictivesupport: arguedfailure: altruism-clifffamily: staking-and-incentive-misalignmentrisk-and-incentivesconsensus-and-securityeconomics

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