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SLP403 Alex B - Bitcoin Security Long Term & ETH Centralisation

Stephan Livera Podcast

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Creating a Monopolistic Block Producer

Once you are able to capture moref of that activity than any other player, you consolidate in a very dangerous way for f for the network. So ultimately, you are likely to create a monopoly. Its effect is very likely that the natural state of proof of state is a natural monopoly driven by the staking derivatives and that is driven by the smarket of ovemiv. By creating a natural monopoly, you enable rent seekingand you a enable block producer, sor de block producer, to create a market for transaction priority That is completely separate from their responsibility to include you into blocks rigt.

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