I’ve done it (years ago). 4 managers fired in 8 months. I had to leave so I could do actual work. Seeing these Twitter reports is giving me flashbacks.
As an aside, the algorand layer-1 chain uses VDFs to select a validating set per block, weighting member selection by how much crypto each account owns. They call it Pure Proof of Stake. It definitely reduces the energy consumption and increases network throughput, of course with trade offs. See: