kaal:claim:3125827-021

Successful proof of stake experiments running today cannot be used to infer that their protocols are truly secure, because the current participant population is atypically altruistic; confidence must instead come from sound reasoning about incentives.

Source quote, verbatim

Therefore we cannot use any successful experiments at this time to infer protocols are truly secure. We must rely on sound reasoning in order to obtain any confidence that our projects will continue to succeed.

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

nascent crypto economy dominated by altruists

Classification

normativesupport: arguedfailure: false-inference-from-live-experimentsfamily: sample-and-selection-biasempirical-evidenceconsensus-and-securityresearch-methodsrisk-and-incentives

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