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182 - In Defense of Lido, w/ Hasu
Bankless
Ethereum's Off Chain Governance Philosophy
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If one entity had 66% of all ether stake, they get to basically choose the outcome. That's what you can do if you have over 33%. And so importantly, it's worth noting the philosophy that Ethereum has about Governance. LIDO doesn't have right now any strong policies for how node operators should behave. The risk is that the LIDO DAO makes some kind of governance decision and mandates that all of these independent not operators collude in some way. I couldn't imagine how that would happen just from knowing them and how none of them individually would do something like that - let alone all of them together.
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