added by sari · updated 2y ago
Blockchain Incentive Structures: What they are and why they matter
- Incentives are powerful. But getting incentives right is hard.
Communicating intent is hard.
Blockchains can help align incentives among a tribe of token holders. Each token holder has skin in the game. But the benefit is actually more general than simply aligning incentives: you can design incentives of your choosing, by giving them bloc... See morefrom Can Blockchains Go Rogue? by Trent McConaghy
Marcel Mairhofer added
The blockchain community understands that blockchains can help align incentives among a tribe of token holders. Each token holder has skin in the game . But the benefit is actually more general than simply aligning incentives: you can design incentives of your choosing, by giving them block rewards. Put
... See morefrom Can Blockchains Go Rogue? by Trent McConaghy
Tekelala added
- In traditional firms, the incentives between users, employees, and owners are often not clearly aligned. When a token on a global blockchain is the business model, incentives are no longer muddled by legal entities, jurisdictions, and business models that conflict with the best interest of the users.
from The Slow Death of the Firm by Nick Tomaino
sari added