Frederick: When you start a proof of stake system the token would need to have value if it doesn't have value and you just start staking these like worthless things. The correct solution is to provide some utility so people actually want your token and want to use it, he says. Frederick: There are though actual attacks that are very thorny and problematic that there are also used as arguments against proof of stake but most of these have been resolved.
In this Blockchain 101 episode, we sit down with Axel Ericsson of Vest (previously 1Protocol) to talk about Cryptoeconomic Primitives, incentive models, designing smart equilibria, and staking.
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