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100 - How to Survive in Crypto | Cobie

Bankless

CHAPTER

Decentralization Dilemmas in Crypto

This chapter addresses the centralization issues within proof of stake systems, raising concerns about the concentration of power among major players in the crypto environment. The discussion covers the implications of staking designs, Ethereum's transition to proof of stake, and the challenges faced by solo stakers, illustrating the complexities of decentralization versus centralization. Personal anecdotes further highlight the risks and rewards of crypto investments, emphasizing lessons learned from early experiences in the fast-evolving crypto market.

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