MinuPLS

There's speculation the OA could be spinning up validators, among other things. Either way, it's worth establishing what validator stake actually buys you, and what it actually costs to take over a blockchain (because why not). Bitcoin 51%, control the chain ~$20B, ~1.5% of mcap Ethereum 33%, stall finality ~$37B, ~16% of mcap Ethereum 51%, control blocks ~$78B, ~33% of mcap Ethereum 66%, rewrite history ~$150B, ~64% of mcap But the $ figure is kind of irrelevant, because neither one is actually obtainable by any realistic measure. Bitcoin's $20B means adding ~960 EH/s of hash power which is roughly 3.5 million ASICs and ~13 GW of electricity looool. About the entire electricity draw of the Netherlands. Those machines don't exist on a shelf, they'd take a year or two to produce and even if you could get them which you cant, you'd need to build and finance dozens of substation to power them which would take the best part of a decade and 10 figures to get over the line. Long story short, it ain't happening. And Ethereum is even more cooked for an attacker. 66% means getting your hands on 78M of the 82M unstaked coins that even exist, so you're trying to buy 94% of every loose ETH out there.... cold wallets and ETFs included. Good luck. The exit queue for staking is basically empty bc nobody wants out, and the entry queue is backed up for a couple months rn. So even if you somehow had the coins you couldn't switch them on in any reasonable timeframe. Oh and even if you could get 94% of the unstaked supply, which you cant, you're going to be pushing the market against yourself while buying them so $150B easily becomes several hundred billion.. maybe even a trillion.. Better call Elon 😁 That's what real security looks like.. It's not expensive, it's just flat out unavailable. Infinite money doesn't get it done. And even if it did, the moment you attacked Ethereum, a big chunk of that stake gets slashed and burned anyway. It ain't happening. * * * Now PulseChain. PulseChain 33%, stall finality ~$5M PulseChain 51%, control the chain ~$10.5M PulseChain 66%, rewrite history ~$20M On the bridge today, the real extractable value actually liquid on the chain today. There’s ~$43M gated by $10M of stake. Two thirds of PulseChain's entire consensus costs less than half of what's sitting on the bridge. Bitcoin and Ethereum, on top of the exorbitant amount of money required, are protected by physics and supply and infrastructure that's very hard to obtain, so no amount of money actually solves them. PulseChain is protected by a number. And that's not a dig, it's just what a young chain is. Bitcoin itself was attackable with a few laptops in 2010. Security's a ratio. Nobody puts a big lock on a cheap bike, but the moment it's worth something, the lock needs to catch up. And yess, scooping up $20M of PLS in a market this thin isn't easy ofc. The liquidity isn't there to just buy it outright. But that's the only real friction. There are already big holders sitting on big cumulative stake, whales who could port into validators, or a few of them banding together, and suddenly you're most of the way there. Orders of magnitude easier than on BTC or ETH. Difficult but nowhere near impossible. (Side note, the bridge waits 96 blocks for a reason. That's roughly the finality window, so it won't release funds until the source chain has finalized and a cheap reorg can't undo it. But the bridge is only one door. That value doesn't sit still once it's on chain, it's spread across DEXs, LPs and contracts, and none of that waits 96 blocks for anything.) So anyway, back to the OA... No idea what they're doing, maybe nothing. But if that PLS is for validators, ask yourself why. If anyone were putting serious money onto a chain this green, you'd want the lock sorted before the bike's worth stealing. Just saying.