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+++ I def see the conflict here. I think exchanges should promise to pass PoS voting on to their users, but either way it's an issue with PoS that isn't easy to solve.

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punished nic

@nic__carter

Jul 27, 2021

Replying to @nic__carter @hasufl and 3 others

To be clear, I'm not accusing FTX of anything. Just saying that there's a principal agent problem with exchanges voting with user balances. A point made in my recent paper papers.ssrn.com/sol3/papers.cf

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A simple solution would be to simply abstain, and make it known that is your position.

SBF

@SBF_FTX

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@MaddogLink

yup that's what we do for now

3:22 PM · Jul 27, 2021Twitter Web App

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and

SBF, please could you say something about how the recent private equity sale of FTX is/is not diluting FTT fwd looking returns

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Not a convincing reply... "That's what we do.. FOR NOW"... So FOR LATER, you might change. You should simply say, we will always abstain and will promote that for all exchanges and allow only the users of the crypto being staked to vote. Your response is not clear & concerning.