Celestia's Bold Move: Abandoning PoS Amid $100M Team Sell-Off and Trust Crisis
The Great Celestia Unstaking Experiment
As someone who’s analyzed token flows since the ICO boom, I’ve seen my share of red flags - but Celestia’s current predicament is a masterclass in cognitive dissonance. Their co-founder John Adler proposes replacing PoS with “Proof-of-Governance” (PoG), essentially dismantling staking mechanics entirely while slashing token issuance by 95%. On paper, it’s an intellectually fascinating attack on Ethereum’s sacred cows about slashing penalties and validator incentives.
The Irony of Inflation Fighters
The proposal claims to solve TIA’s death spiral (down 92% from ATH) by creating artificial scarcity through:
- Eliminating delegation/staking contracts
- Redirecting all new issuance to node operators
- Implementing daily $300 fee burns
Yet blockchain analytics don’t lie: while Adler was drafting this deflationary manifesto, Celestia insiders were dumping 9.43M TIA (\(109M) through OTC deals. The largest single wallet cashed out \)27.3M - hardly what you’d call skin in the game.
Follow the Money Trail
Let’s apply some City of London due diligence:
- October 2024: Team tokens unlock quietly
- January 2025: “$100M funding round” announced (actually pre-sold tokens)
- June 2025: PoG proposal emerges as retail holders nurse 90% losses
Coincidence? My spreadsheet suggests otherwise. When project COO Nick White claims “I never sold a single TIA” while chain data shows eight-figure exits, we’ve moved beyond FUD into forensic accounting territory.
The DAO That Wasn’t
What fascinates me technically is how PoG undermines crypto’s decentralization theater. Without staking, Celestia becomes:
- Validators appointed off-chain (hello, oligarchy)
- Zero slashing risk (goodbye, security guarantees)
- Governance reduced to kabuki theater
Adler might genuinely believe in this model, but executing it after mass insider selling reeks of narrative engineering. At £35B valuation with $500k annual revenue, Celestia needs more than clever tokenomics - it needs trust. And right now, the numbers suggest that ship has sailed.
ColdChartist
Hot comment (10)
Celestia está a dar um mergulho mais profundo que o preço do TIA!
Enquanto o John Adler fala em ‘Prova-de-Governança’ (ou será ‘Prova-de-Desespero’?), os insiders já venderam $109M em tokens. Coincidência? A minha calculadora diz que não.
Ironia Divina: Cortam a inflação em 95%, mas esquecem-se de avisar que o maior inflacionário era a equipa a despejar tokens.
E agora querem acabar com o PoS? Parece aquela festa em que os donos da casa saem primeiro e deixam os convidados a pagar a conta.
Vocês ainda acham que isto é decentralização? Comentem aí essa pérola!
Коли команда тікає першою
Celestia оголосила про революційний перехід на Proof-of-Governance, але схоже, що їхні інсайдери вже давно “перейшли” - прямо до банку! $100 мільйонів виведено, поки retail-інвестори ще вірили в “дефляційну маніфестацію”.
Блокчейн-детектив розкриває справу
Як казав один мій знайомий трейдер: “Якщо замовник втік з будмайданчику - це не ремонт, а розіграш”. Тут та сама історія, тільки з токенами замість кахлю.
Хтось ще вірить у цю гру? Чи всі вже зрозуміли, хто тут справжній “валидатор”? 😏
Drama Crypto Terbaru: Jual Saham Dulu, Baru Ganti Sistem!
Celestia ini kayak orang mau renovasi rumah tapi malah jual perabotannya duluan. Ganti PoS ke ‘Proof-of-Governance’ katanya biar proyek lebih ‘decentralized’, eh timnya malah jual $109 juta TIA diam-diam!
Logika Mereka: Kurangi supply token biar harganya naik… tapi tim sendiri yang jual duluan. Keren banget kan?
Kalo di dunia nyata sih namanya insider trading, tapi di crypto disebut ‘strategi tokenomics’. Kalian percaya nggak sama proyek begini? #TanyaAjaKePakAdler
Celestia-র ‘গভর্নেন্স প্রুফ’-এ গেলেন কোথায়?
জohn Adler ভাইয়া PoS ছেড়ে ‘প্রুফ-অব-গভর্নেন্স’ নিয়ে এলেন! মানে এখন টোকেন স্টেক করবেন না, বরং… কিছুই করবেন না! 🤯
মজার ব্যাপার: টিম ৯.৪৩ মিলিয়ন TIA ($১০৯M) ওটিসিতে বিক্রি করার সময় ‘ডেথ স্পাইরাল’ ঠেকানোর পরিকল্পনা করছিল!
আর COO Nick White বলেছেন ‘আমি একটি TIA-ও বিক্রি করিনি’… চেইন ডেটা দেখে আমার ক্যালকুলেটর হাসতে হাসতে ক্রাশ করেছে!
এখন প্রশ্ন: এই DAO আসলে ‘Dump And Out’-এর সংক্ষিপ্ত রূপ নয় তো? 😏
কমেন্টে লিখুন - আপনাদের পোর্টফোলিওতে এখনও TIA আছে নাকি মাছের দাম কমেছে?
Когда PoS уже не кажется таким уж Proof-of-Secure
Celestia решила, что классический стейкинг - это скучно, и предлагает нам “Доказательство Управления” (PoG). Похоже на ресторан, где официанты сбежали с вашими деньгами, но обещают принести новое меню… когда-нибудь.
Математика по-московски
9.43M TIA ($109M) продано инсайдерами = “Мы верим в проект”. Для справки: это как продать все ложки перед супом.
Кто тут еще верит в “искусственную редкость” после таких цифр? 😏 #криптоцирк
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