Proof-of-stake networks are communal organisms that resist takeover
Decentralized Cloud - DCENTRAL Austin 2022 (Dcentral Con)
“Proof of stake systems are inherently communal organisms. So there’s a bad actor that’s trying to, number one, buy up all the tokens — that’s going to increase the price of the token, thereby further strengthening security… people can fork it and start a new one… the community will always come through before an attack can happen, and there are also preventive circuit breakers — we have like a [21]-day unbonding period for that very reason.” — 00:24:58
Context: Responding to “what prevents Amazon buying up all the tokens and taking over Akash”; illustrated by his Terra governance proposal to re-enable IBC, passed as an outsider “with very little voting power, very little clout” [00:26:24].