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Year #1 BakingRob Witoff
July 16, 2019
From the Tezos Position Paper
Baked 40,645 Blocks
20,810,240 ꜩ Bond Posted
Missed 715 Blocks :(
Stole 1,209 Blocks ;)
1,280,071 Endorsements
81,924,544 ꜩ Bond Posted
Missed 9,425 Endorsements :(
“Proof-of-stake fixes these bad incentives by aligning the
incentives of the miner and stakeholders: by very definition,
the miners are the stakeholders”
Tezos Position Paper
Cyber Security &
Network Health
Top Risk: Implementation Error Cost: 100%!
A Brief
History of
Slashing
“Operator”
Error
183kꜩ Deposits
12kꜩ Rewards
108ꜩ Fees
When in Prod:
Follow the
Two Man
Rule
Top Risk: Theft of Keys Cost: ~10%
Top Risk: Mishandling of Keys Cost: ~2%
Reflections on Complexity
Next Year: Safer DApps
https://magoo.github.io/Blockchain-Graveyard/
coinbase.com
Keep Building
Fight Complexity
Grow a Great Community
coinbase.com
Happy 1ꜩ Year!
rob@polychain.capital

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