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Just my personal opinion, but designing a system that doesn’t allow for secure pooling will only enable insecure pooling. So making the choice to force people
by aey 8y ago
Just my personal opinion, but designing a system that doesn’t allow for secure pooling will only enable insecure pooling. So making the choice to force people to share private keys as the only way to delegate capital will make the overall system a lot less secure, and just seems really irresponsible.
- w1nt3rmu4e 8y agoDelegation does not require sharing private keys. Nor does it require transferring XTZ to anywhere other than your own wallet. Ever. Period. The only risk associated with delegation is that the baker will run off with the baking rewards instead of distributing them. Of course, the incentive is low since this can only be done once. The community is active is discussing the trustworthiness of bakers (which, to date, has been pretty much all of them). The staking risk (risk of losing a bond) is entirely on the baker. This incentivizes them to make sure they're not double baking or otherwise running misbehaving nodes.
- aey 8y agoMy point exactly. Without delegation the only way to pool capital is to give up ownership.