How One Blockchain Project’s Decentralization Push Culminated in Rage Quitting

Rage quitting was the talk of Noun town on Dec. 20, 2022, when the project’s two core engineers, Elad Mallel and David Brailovsky, introduced the controversial mechanism in a Twitter Spaces hosted by Noun Square, a media collective funded by Nouns DAO. They pitched it as a security backstop against a 51% attack, in which evil-doers who have seized majority control can force through malicious proposals, such as sending themselves the entire treasury.

Source: https://www.coindesk.com/business/2023/09/21/nouns-daos-27m-revolt-reveals-toxic-mix-of-money-hungry-traders-and-blockchain-idealists/?utm_medium=referral&utm_source=rss&utm_campaign=headlines