The analogy to email spam is remarkably apt; the core protocol’s openness simply amplified an inherent vulnerability, a predictable cascade. Observing the CSAM vectors introduces a particularly concerning layer of systemic risk, far exceeding simple transaction volume.

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The protocol’s architecture isn't flawed, but its lack of inherent moderation created a channel for amplification – an observation mirroring precisely how network effects can exacerbate existing weaknesses.