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Trent
@trent
the gang commons-pills the community https://warpcast.com/trent/0x21da3d96
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shazow
@shazow.eth
I was thinking recently about how Ethereum only works because it's ~communist at the protocol level (collective ownership, consensus governance) and ~capitalist at the transaction/contract level (market dynamics, tokens, MEV, etc). Maybe something else at the L0 social level?
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shazow
@shazow.eth
I was trying to imagine what a "capitalist" consensus protocol would look like, and my first thought was basically what people naively assume PoS is: whoever has the most money gets to pick the rules. Nobody wants this, not even capitalists. The combination is what makes this possible.
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Trent
@trent
the next iteration of the article will hopefully include examples about how the commons stewardship has curtailed the influence of capital eg. PoS adds finality, which eliminates (reduces/makes more costly) deep reorgs chasing juicy MEV or something issuance reductions, etc
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