I like this point, but (as I think you are saying as well) it’s true for POW as well, right? Fundamentally, if there are off-chain incentives to destroy the va

I like this point, but (as I think you are saying as well) it’s true for POW as well, right? Fundamentally, if there are off-chain incentives to destroy the value of a given blockchain, much of our reasoning about the game theory doesn’t hold up.