[_57jb]

The biggest issue that is upstream is the centralization that is caused via GPU and asic.

It's fairly obvious in hindsight but the idea that everyone running a general purpose computer wouldn't recognize enough value to try and take over the network. Running your own node would be more realistic and the "user" and the "miner" would be on a much more equal footing (and likely one in the same).

Arbitrage and all of the boiler room tricks of the stock market were applied instantly. Add this the centralized power of mining farms increasing incentives and the race for lightning chains creating these black box dark pools and we are just getting up to speed with similar problems we face today in public markets.

The biggest difference is that we can dig into the details in a very convenient way which is the constant balancing act of getting people to care enough to look.

Front-running on a consensus based system where transactions are public... almost like they took a look at every system to date and picked the low hanging fruit for exploitation.