.jaekwon, founder of the cosmos blockchain, says the proposed ATOM2.0 token changes are unjustified by willcanny99
New Cosmos White Paper Revamps Cosmos Hub, ATOM Token
“In an ecosystem with one of the most advanced systems of governance like Cosmos, changes affecting the development of the Cosmos Hub and placing its security and dependability at risk, as well as radical changes to its monetary policy, must be thoroughly examined from all angles and broken down into individual components to be assessed one by one – not grouped together in an omnibus white paper proposed by a centralized committee,” Kwon said in emailed comments.
The Cosmos Hub continues to display resilience and economic security because the ATOM tokens are bonded and not earning yield or absorbing losses in a high risk over-leveraged environment, he said. “We need to ensure that such a harmful division of the Cosmos community does not happen again,” and the way to do this is by the creation of a constitution, he added.
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