The Cardano Foundation's Response to the Parameter Committee Recommendation in PCP-001

[Michael.Liesenfelt]

@Cardano-Foundation

The effect of minPoolCost

minPoolCost was introduced with the Shelley launch in August 2020 to fulfil two tasks:

• It should support the pledge factor a0 as a Sybil attack mitigation.
• It should guarantee the pool operators a minimum budget for the professional operation of the servers.

Aug 17, 2023 | Voltaire era: Parameter committee intermediate state Post #49 :

@Michael.Liesenfelt

Aggelos knew the minPoolCost was not included in the RSS paper/study but was included on Cardano Mainnet. He knew it promoted multipool operations and did nothing to protect against low-pledge sybil-leverage, yet interviewed on RSS preventing sybil behavior (false). He has partial responsibility for those decisions. He was/is Chief Scientist lead of the research team and responsible for including that parameter to disadvantage small participants.

This transgression against free market and decentralization principles built into the architecture of Cardano for the benefit of genesis keyholders (like CF), ICO investors, and popular incumbents is an irreversible & permanent limit on the social and moral superiority of Cardano. Readers, my DM’s are open if you care about principles and you are ready for ‘what is next’.