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Mustafa Al-Bassam
Co-founder @Celestia
Mustafa Al-Bassam kirjasi uudelleen
The Celestia Foundation has worked with Polychain Capital to assign Polychain’s entire remaining TIA holdings to new investors.
This month, the Foundation purchased 43,451,616.09 TIA from Polychain Capital for $62.5m. Polychain will shortly be undelegating their entire staked TIA holdings in order to settle this transaction.
To ensure neutral impact to the Foundation’s financial position, the Foundation is finalizing assignment of this TIA to new investors. These transactions will use a rolling unlock schedule, with the first unlock starting on 16 August and completing on 14 November.
249,27K
I was probably wrong about this statement 5 years ago, given that PoS is a "closed loop" system. In hindsight, protocols like Lido DAO actually help to make the validator set more distributed - which is why I think they're worth baking directly in-protocol (proof-of-governance).

Mustafa Al-Bassam26.6.2019
To understand Libra's technical philosophy for decentralization, this comment is a good point to start: . Libra's 100 node closed set of validators is seen as more "decentralized" than e.g. Bitcoin, as Bitcoin has 4 pools that control >51% of hashpower.

8,75K
This is the same way that Bitcoin maxis see proof-of-stake btw
By the way, Ethereum is basically already proof-of-governance, as 1/3 of its validator set is chosen by the Lido DAO and Binance
Also it doesn't need to be off-chain governance, I'd advocate for on-chain governance

RYAN SΞAN ADAMS - rsa.eth 🦄9.7. klo 00.42
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.

32,38K
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

RYAN SΞAN ADAMS - rsa.eth 🦄9.7. klo 00.42
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.

42,82K
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