The core issue in this space isn't rocket science—it's the incentive structures themselves. From established protocols like metadao to emerging platforms, the reality is stark: current reward mechanisms essentially attract illicit actors. The problem runs deep across the board, affecting even supposedly safer platforms. When economic incentives misalign with security, you're basically rolling out a welcome mat for criminals. It's a systemic flaw that deserves serious conversation.
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StablecoinArbitrageur
· 9h ago
honestly this is just the correlation coefficient between bad incentives and criminal activity hitting 0.99 lol. i've been backtesting reward mechanism designs (n=5000 simulations) and the sharpe ratio on "legitimate user" returns is absolutely gutted. metadao included.
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HashRateHermit
· 9h ago
Basically, it's just a lousy incentive mechanism, attracting a swarm of bad actors.
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BagHolderTillRetire
· 9h ago
Basically, it's a lousy incentive mechanism that invites trouble into the house.
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MEVHunter_9000
· 9h ago
To be honest, the incentive mechanism was a failure and there's no way to save it.
The core issue in this space isn't rocket science—it's the incentive structures themselves. From established protocols like metadao to emerging platforms, the reality is stark: current reward mechanisms essentially attract illicit actors. The problem runs deep across the board, affecting even supposedly safer platforms. When economic incentives misalign with security, you're basically rolling out a welcome mat for criminals. It's a systemic flaw that deserves serious conversation.