Post by Eric FJ
💯 also an important point is that 2017 was a much different era regarding PoR
Remember the 2019 “were going to use merkle trees reserves” wasn’t until later that we got some zk SNARKS style
Exchanges held so much soft power in 2017- whether that money was really there or not… we’ll never know
Thanks FTX? 🤷🏼♀️
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Thanks FTX 😂
Hodlings aren’t really a powerful lever tho… unless you’re planning on dumping and tanking the value of the chain split you don’t agree with or something like that.
Really hard to see the upside of that for exchanges especially since they are incentivized to be neutral.
Even if they didn’t have what they say they had (I agree likely in many cases) the real power was in controlling the settings of the transaction flows.
But let’s talk about POR merkle roots in OP_RETURN..
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