Incentives Against Power Grabs or How to Engineer the Revolution in a Pooled Proof of Stake System

Proof-of-Stake (PoS) blockchain systems, especially those that allow stakeholders to organize themselves in “stake-pools”, have emerged as a compelling paradigm for the deployment of large scale distributed ledgers. A stake-pool operates a node that engages in the PoS protocol and potentially represents a large number of smaller stakeholders. While such pooled PoS operation is attractive from vari...