$BODEN
Sudden SpikeSnapshot Window: 2026-09-09 17:40 UTC · ← Back to Crypto Overview
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How we lost 42% of block emission to identity farming, and why every per-identity rule failed to stop it I build a small chain that pays people rather than capital, and for a while it worked exactly as badly as every other attempt at that. I want to put the failure in front of this sub, because I think the shape of it generalises. The free mining lane was designed so that anyone with a phone could earn from block one. No stake, no hardware spend, no starting balance. What actually happened is that roughly a thousand fake identities, run by two or three people on rented servers, were taking about 42% of all emission. The interesting part is not that it got farmed. It is that every fix I tried was structurally incapable of working.