@sreeramkannan: Debunking 8 economic security myths in proof of stake

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@sreeramkannan: Debunking 8 economic security myths in proof of stake

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Sreeram Kannan argues that economic security in proof of stake is not a meme and that properly understood it can underpin a self-enforcing chain, rather than a committee-based one. He rebuts eight claims: that delegation leaves only an unstaked committee, since slashing makes operator choice matter; that forking can handle all security, though forks take about a week; and that slashed funds are burned rather than returned to harmed users. He also argues that liveness attacks are penalized in Ethereum through the inactivity leak, and that proof of work is itself staking via mining devices.

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