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Are.na
Daniel Gális
blockchain
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The Third Web
The Third Web
Line Goes Up - The Problem With NFTs
Line Goes Up - The Problem With NFTs 
Crypto Cities
Crypto Cities
The bulldozer vs vetocracy political axis
The bulldozer vs vetocracy political ax…
MEV Explore
MEV Explore
MEV: The Ultimate Financial Battleground, Where Adversaries Come to Play
MEV: The Ultimate Financial Battlegroun…
Tracking the Rise of Interest Representation in Uniswap Governance
Tracking the Rise of Interest Represent…
What Co-ops and DAOs Can Learn From Each Other
What Co-ops and DAOs Can Learn From Eac…

Ultimately, both centralized systems and decentralized systems are facing the same fundamental problem, which is that the "marketplace of ideas" (and of public goods more generally) is very far from an "efficient market" in the sense that economists normally use the term, and this leads to both underproduction of public goods even in "peacetime" but also vulnerability to active attacks.

Any mechanism that can help genuinely under-coordinated parties coordinate will, without the right safeguards, also help already coordinated parties (such as many accounts controlled by the same person) over-coordinate, extracting money from the system.

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