The negative (penalty) incentive mechanism was most interesting to me. As most of us know, Lightning's current incentive mechanism is negative, which most of us thinks sucks, incurs a bunch of overhead, and tends to lead to getting "slashed" for accidentally misbehaving.

Negative incentive mechanisms in practice appear relatively stateful and dependent on how you counter party receives your behavior.

This newsletter issue ended up being published by Bitcoin Magazine:

A Bitcoiner’s Guide To Proof-Of-Stake
#73913
https://bitcoinmagazine.com/technical/bitcoiners-guide-to-proof-of-stake

In this process we uncovered five principles of PoS:

1. PoS uses a negative (penalty-based) incentive structure.
2. PoS is a permissioned system.
3. PoS has no rules.
4. PoS relies on subjective truth.
5. In PoS, Money is Power.

Each of these principles has opposite behavior in PoW:

1. PoW uses a positive (reward-based) incentive system.
2. PoW is a permissionless system (anyone can start or stop mining at any time).
3. In PoW, forks which change the rules get ignored.
4. PoW relies on objective truth.
5. In PoW, miners serve the users, and have little power themselves.

This was shared in another post, found here on SN:

TLDR on why it's essential for the future money of the world to be Proof-of-Work
#70089
https://twitter.com/gladstein/status/1570150601149026304 [Nitter]