34. The Economics of Validator Incentives: A Hidden Centralization Force

So-called ‘decentralization’ evaporates when:

🔺️The Crypto Revolution🔺️

→ Validators form groups for higher rewards.

→ Reward structures discourage smaller participants😬😡😬. 😮‍💨

→ Big players always come out ahead, no matter how ‘permissionless’ the network claims to be👀🧐.

Decentralization starts with fair incentives———————————————————

(and those are rare 😢❗️🤔)

🩵❤️‍🔥🩵