Proof of Stake & Stablecoins – Part 1: A Centralization Dilemma [Lyn Alden]
“If Bitcoin were built on a proof-of-stake model, where the more coins you have the more votes you have on how the network functions, the large exchanges and custodians could have used the millions of coins they held on behalf of clients to vote in their own favor. This is similar to how Vanguard and…
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