/biz/ - Business & Finance

Cosmos is a dead project, the chain is controlled by the cosmos cartel, 15 validators and a bunch of jeets and kikes, the only way cosmos is gonna survive if the chain gets dejeeted

>>55324505
This is a fork of the cosmos hub and ATOM, cosmos is not infrastructure but a coin, the cosmos hub has no project under it, thats the point, they failed to capture any value or network effect, if the fork has a value capture mechanism it will automatically win.
Also didn't pulsechain open at an absurdly high valuation?

>>55183180
main changes:
-direct governance
-secret voting
-self stake to become a validator

Cosmos united changes the governance system from representative governance where validators vote for stakers to direct governace and makes the vote secret. Validators will need more self stake then the last validator to be included in the set

The decision to give governance powers to validators in Cosmos was made to remove the problem of idle voting power, but it has created a misalignment of incentives since validating is a technical and infrastructure job.
Validators are not experts in governance or voting, and many do not have a stake in ATOMs. This is a flawed system since people without stake in the token allocation cannot be good representatives for token holders.
The current system is leading to expropriation of wealth as validators start to vote themselves grants they recently allocated more them 1 million ATOMs to validators insiders and a turkey hearthquake relief fund with 0 transparency (why a blockchain should fund cahrity is beyond me).
The entire system is weighted towards passivity, and efforts to change it or hold validators accountable are unsuccessful.

Stakeholders are left demoralized and accepting of the rules of the game, rather than working to change them. The key to solving this issue is establishing a governance system that values property rights and skin in the game, giving property owners the right to make decisions that impact the network.