Re: The Ethereum Paradox

Proof of stake just doesn't work in the long run

Define long run.
POW stopped working for Bitcoin years ago. It doesn't represent the one cpu = one vote goal since ages. it kinda works, but so do paypal and visa.

It is not clear if proof-of-stake is legal in the USA when it is associated with an ICO.

Is this your definition of "doesn't work" ?

Don't worry, people who work at Eth like Nick Szabo also know proof of stake doesn't work. Why do you think he wanted Eth to stay on PoW? All recursive systems are by definition not even decentralized currencies/networks in the first place.