kaal:claim:3266953-020

The fungibility of the staked currency is the main point of attack against proof of stake and leads inevitably to centralization.

The fungibility of currency is the main point of attacks on PoS and leads inevitably to centralization.

Craig Calcaterra, Wulf A. Kaal, Gopinath Sivalingam, Reputation Protocol for the Internet of Trust - Conceptual Whitepaper (2018), Anchor Protocol, p. 14
https://ssrn.com/abstract=3266953 · source PDF

Craig Calcaterra, Wulf A. Kaal, Gopinath Sivalingam, Reputation Protocol for the Internet of Trust - Conceptual Whitepaper (2018). SSRN: https://ssrn.com/abstract=3266953

• proof of stake consensus using fungible currency

failuresupport: arguedfailure: fungible stake centralizationfamily: recentralization-driftconsensus-and-securitydecentralization

• restated_by kaal:claim:4796714-014 Proof of Stake consensus centralizes control in proportion to the quantity of tokens held, so governance built...
• extends kaal:claim:3125827-009 Even though proof of stake mitigates the economy of scale advantage, block production cartels can still arise ...
• extends kaal:claim:3227967-036 The real design challenge for consensus protocols is to find a proof of stake protocol that offers both trust ...

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