Re:Evolution of the Ethereum Proof-of-Stake Consensus Protocol
by Legogris on Sunday December 25, 2022 @01:44AM
(#34125003)
That's assuming validators are economically rational actors and that external incentives don't outweigh enclosed ones.
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Re:Evolution of the Ethereum Proof-of-Stake Consensus Protocol
by affinepplan on Monday December 26, 2022 @01:45PM
(#34140493)
> and that external incentives don't outweigh enclosed ones.
I think this is actually the most commonly overlooked assumption. The protocol seems very robust, *assuming* perfect information (aka all incentives are known to the system).
I encountered this problem a few years back when trying to design a protocol for a decentralized prediction market. It's very hard to account for hedges or huge bets on other markets.