Part 11/15:
Ethereum’s shift to proof of stake introduces new security considerations. Given the high degree of staking pool concentration, there’s a risk that collusion or attacks could compromise consensus. The speaker warns that regulatory scrutiny might increase if certain chains are seen as insufficiently decentralized, raising the question of whether Nakamoto coefficients could influence regulatory classification as securities.
Regulatory Outlook and Future Risks
The speaker ponders whether regulators will adopt tools like the Nakamoto coefficient to determine whether a blockchain qualifies as sufficiently decentralized to avoid securities classification. The potential is there for regulators to evaluate chains’ decentralization health, but integrating these metrics remains speculative.