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shazow

@shazow.eth

846 Following
4275 Followers


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Hot take: Onchain slashing make social slashing more viable. Social slashing alone is not enough because there are no induced damages. Consider the scenario where ~19 entities who control 50.1% of the total amount staked decide to do an urgent secret bug fix upgrade, what happens? The network splits, both forks continue to create blocks but each other half starts losing stake from inactivity leaks (or worse, gets slashed for double-signing by participating in both). Without onchain slashing, a majority can upgrade the network without creating direct damages (like Solana did last month). With onchain slashing, it's a hostile coup. A group of doxxed organizations colluding in secret (excluding public access to participate) directly creates massive damages ripe for lawsuits (a form of social slashing?). It's not a "no harm, no foul" situation, even if the upgrade was well-intentioned (urgent bug fix). If I were a major Ethereum validator, I would think twice before participating in secret upgrades.
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