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by timdaub 1261 days ago
This is web2 peaking. The cost to scam everyone and earn a few bucks in the process has become a tenable business opportunity. It‘s not by accident that Elon Musk is now charging an 8 dollar fee on monthly Twitter usage: This is no different than the staking mechanisms invented in the Ethereum community. Since Sybilattacks are virtually unpreventable since no scalable and user friendly identity solution exists, primarily in the web3 space we‘ve started combining submitting information along with stake to fight grifters and spammers who are manipulating the algorithms.