Why not adopt Ethereum tokenomics model and move on. The copied Solana tokenomics was never a good idea to begin with.
Given this proposal, can someone please explain to me, as a staker on Celestia, why should i keep my TIA tokens and not sell them right now?
I see a problem here. The post and arguments are made with the inherent assumptions that current security model in crypto is sufficient, thus only talking about the implementation details
I agree with the points the author makes and they are black pilling, everything is off chain governance, bitcoin et al.
But I want to illustrate and encourage to look to solve this weakness in crypto rather than accept current state as good
Here is why:
A media company have internal communication etc and structures that is equivalent to on chain, when state actors influence it or take them over, its done outside them, by coercion and incentives, they are done off chain
The same is for our political systems.
But fundamentaly its a problem of incentives not aligned, further as argued by Nassim Taleb about most if not all our current systems failings are lack of skin in the game, but I would also argue it lowers the threshold for incentives misalignement and influencing or coercion
Fundamentaly we cant be satisfied with current state of crypto at least if you carry an cypher punk ideals, we need to improve the state
Hi everyone! We’ve been closely following the Proof of Governance proposal and see it as a positive step for the Celestia network.
PoG shifts focus from staking rewards to governance participation, helping reduce inflation to 0.25%, strengthen decentralization, and better align validator incentives. We believe these three factors will bring benefits both economically and for the ecosystem as a whole.
We’ve also reviewed community discussions around potential risks. Off-chain governance could be influenced by the most active voices, and uniform validator rewards may reduce incentives to contribute beyond the minimum. These concerns could be mitigated through staggered rewards, hybrid governance models, or performance-based incentives.
As an active validator on Celestia, deNodes supports the goals of Proof of Governance. We are ready to adapt our infrastructure to any changes and remain committed to providing secure, reliable network support.
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