Phil Dayan
7 statements across 1 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement Feb 26, 2019 by Phil Dayan · across every show →
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Everything said about Phil Dayan, oldest first
Feb 26, 2019
Dayan: Larger crypto projects have incentives to buy votes in smaller competitors
“If these two very large projects are approximately the same size, or one is a little bit bigger than the other one, or one is twice as big as the other one, or something like that, it's in the economic interests of everyone who holds coins in the bigger projec…”
Feb 26, 2019
Feb 26, 2019 neutral
Dayan: Quadratic voting fixes governance flaws but relies on identity verification
“Quadratic voting, where you actually allow vote buying. So you allow people to buy votes, but only at an exponentially increasing price. And this may kind of look like plutocracy because you're allowing people to buy votes, But if you actually do the math on t…”
Feb 26, 2019
Dayan: Dominant blockchains are economically incentivized to 51% attack smaller forks
“If you have a fork that's like 10% of the size of a project, and this fork could potentially impact the price of the larger project, it's absolutely in the interest of that larger project to launch attacks on that base layer proof of work vote and do things li…”
Feb 26, 2019 negative
Dayan: Real-world governance mechanisms fail on-chain without assuming rational adversaries
“Your systems need to be strong even in the presence of economically motivated adversaries, and they need to be secure assuming people are rational rather than honest. So we don't get to lean on this sort of honesty that we have in the real world in blockchains…”
Feb 26, 2019 neutral
Feb 26, 2019 negative
Phil Dayan: Decentralized exchange mechanics enable profitable front-running
“The way these mechanisms that people are building interact with the blockchain is very complex and opens the door for external actors to make a lot of money from front running them and make a lot of money from doing algorithmic trading on the network and every…”