1 sat \ 3 replies \ @03785de7ab 13 Aug 2021
"DeFi is ultimately the kingmaker of any future governance crisis"
Lol yeah we will see how it goes when they try to switch to PoS. Miners can't even do governance on ETH, a couple of core devs decide what goes into the network or not. They will not give a shit about "DeFi" if it's required in order to follow their agenda.
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1 sat \ 2 replies \ @k00b 13 Aug 2021
I think the whole point of the article is to agree with you - DeFi actors don't have a choice in the matter. They kind of just do what the network, their foundations, tells them because minority forks become non-functional and worthless.
Miners seem to be the real victims here. Even if they support a minority fork that could preserve their hardware investment, it doesn't matter because the fork will wither and die due to contract dependencies that don't survive the fork. I guess PoS supporters have little reason to care about miners though.
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1 sat \ 1 reply \ @03785de7ab 13 Aug 2021
Yeah maybe you're right. It's not very clear to me which side of the debate the article is on. Maybe that's the purpose of the article :D.
I wonder where will miners go. Mining Monero? :D
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1 sat \ 0 replies \ @k00b 13 Aug 2021
lol a marginally better use of the energy IMO
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0 sats \ 0 replies \ @k00b 13 Aug 2021
I've always wondered how these interdependent contracts survive forks, should one contract not really support the fork, and I guess they really don't. Another reason to be concerned about inserting complexity of lower layers - it bleeds complexity into the higher layers.
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