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Kristi Klaudy
@klaudy
I agree with Justin that economic security is not a meme. Here is why: Social slashing requires coordination. Any coordination is slow and messy. Economic security is a preventive measure that reduces the motivation to conduct an attack in the first place. https://x.com/BanklessHQ/status/1797618795634098305
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Centauri.eth
@centauri.eth
Blockchains should be built to be nation state resistant. Most PoS chains today are secure against economically rational attackers but we also have to account for actors that are able to spend Trillion's of $ to achieve their goals even if they are irrational from an economic point of view
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Kristi Klaudy
@klaudy
That's a such a good point. I think that this is where it might get tricky when it comes to designing, what is the acceptable/large enough amount of economic security. Or whether it even make sense to trying to fight with such scenario with economic security. Afterall, there is limited amount of wealth in the world.
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Centauri.eth
@centauri.eth
The economic security need to scale with the size of the economy built on top. We should probably aim to have atleast 10% of the economy's value it economic security. So say Ethereum and its L2s have a "GDP" of $10T in 5 years we should probably aim for $1T in economic security.
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Centauri.eth
@centauri.eth
A 51% attack in PoS is not fatal in most cases, but still catastrophic because manual intervention is very messy and significantly harms the credible neutrality of the platform
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Kristi Klaudy
@klaudy
Yes, I completely agree there! That was also the point of the cast - optimizing for social slashing is not the best idea. But when you take in to account that e.g. NATO decide to take Ethereum down, $1T won't stop them. The question is whether this is the case in which relying on social slashing is reasonable.
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