Maximum Viable Security (MVS) – a new issuance framework
11-14, 11:00–11:30 (Asia/Bangkok), Stage 2

We derive a new framework for analyzing Ethereum Issuance, based on Ethereum's core values: security and neutrality. Upon discussing various attacks on Ethereum, we study future growth projections and the importance of diverse validator set, and conclude that Ethereum's defendability is the key factor for issuance policy evaluation. Via MVS, we show how the current issuance reduction proposal is dangerous, based on the future staked ETH concentration with CEXs & impact on solo stakers.

For 2013-2023 period I was a pure mathematician, studying low-dimensional topology and symplectic geometry in Princeton, Indiana and Stony Brook Universities. I got interested in crypto as early as 2015, and did some investments and research in Ethereum ecosystem on the side. In 2022 I also taught a course on blockchains in Stony Brook (artofkot.xyz/blockchain-course), and in 2023 move into the space full-time, as a research lead in cyber.fund.