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113 - Protocol Guild: 1 Year In with Tim Beiko and Cheeky Gorilla

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Ethereum's Incentive Alignment Problem

Einstein: I think when you see in practice as you know, you might be able to make 2030x salary if you went and started your own L1. So it kind of creates a financial incentive pool to keep people working on protocols. In the long run, if everybody sort of migrates from protocol work to other things that are just like, you know, a better payoff for them then there's no one who maintains a protocol. And this is bad. It's bad for Ethereum, obviously, but it's also bad for all these projects that are built onthereum because their most critical dependency stops being maintained.

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