Social Slashing and Censorship

3min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

Staking is not meant to be risk free, and you are at risk of getting slashed anyway. There's no way for the protocol to tell whatwee, you know, where censorship is coming from or if there'censorship occurring at all. So it relies on the social layer an. Even if 90% of the network is censoring you, even if they're not including your transactions in a block, ten % of the network still are including your transactions. And then it gets mercy like wat wald. People call it hegis.

The Merge, which marks the official transition to Proof-of-Stake, is slated to occur around September 15 - 16th and is possibly the largest crypto event to happen in a long time. The transition to Proof-of-Stake is supposedly a bullish event, but lately, there have been concerns raised on whether it is the right move.

If you’re a founder or investor in crypto, you should be prepared for what’s to come.

Today, we have Anthony Sassano, one of the largest proponents and educator of Ethereum on the show to share with us:

What is The Merge
How OFAC’s censorship may affect Ethereum
Is Proof-of-Stake really better than Proof-of-Work?
Reasons to be bullish for Proof-of-Stake

Host: Jason Choi @mrjasonchoi . Not financial advice.

------------ Timestamps -------------

(00:00:00) – Introduction

(00:01:40) – Introduction to OFAC & The Merge

(00:03:06) – What is The Merge

(00:10:21) – Why might there be 2 Ethereum chains after The Merge?

(00:17:46) – What is OFAC and why is it scary?

(00:28:50) – Would PoW be more censorship-resistant than PoS?

(00:39:54) – Why is it harder for OFAC to enforce sanctions in PoW?

(00:45:49) – Pros and cons of social slashing

(00:57:19) – How are Flashbots and MEV contributing to censorship?

(01:02:35) – Reasons to be bullish for PoS

----------- Sponsors -------------

dYdX is the Leading Decentralized Exchange for trading perpetual contracts. Users enjoy low fees, deep liquidity, up to 20x more buying power and even earn $DYDX from trading. Trade on dYdX today at: https://trade.dydx.exchange

----------- More Resources ---------

Guest

Anthony Sassano’s Twitter: https://twitter.com/sassal0x

Blockcrunch

Blockcrunch VIP: https://blockcrunch.substack.com/

Blockcrunch Twitter: https://twitter.com/theBlockcrunch

Jason Choi’s Twitter: https://twitter.com/mrjasonchoi

------------ Disclosures -------------

Disclaimer: The Blockcrunch Podcast (“Blockcrunch”) is an educational resource intended for informational purposes only. Blockcrunch produces a weekly podcast and newsletter that routinely covers projects in Web 3 and may discuss assets that the host or its guests have financial exposure to. Views held by Blockcrunch’s guests are their own. None of Blockcrunch, its registered entity or any of its affiliated personnel are licensed to provide any type of financial advice, and nothing on Blockcrunch’s podcast, newsletter, website and social media should be construed as financial advice. Blockcrunch also receives compensation from its sponsor; sponsorship messages do not constitute financial advice or endorsement.