At this point many smarter people than me have already written responses to Moxie (Vitalik, Dan Finlay, Suzuha), but I’ve tried to focus mine more on the high-level implications for the Web3 space. I was hoping to keep this to a Twitter thread but I’m not Adam Cochran. And besides, this was a good excuse to write on Mirror for the first time. Off we go then.
Originally published July 16, 2020 on Medium. By Tanner Hoban and Tom Borgers. Both authors work in Corporate Development at ConsenSys. This report was an independent research effort to review the network economics of Ethereum 2.0 spec v0.12.
From Bankruptcies to Bailouts — Modern Responses to an Economy in Crisis