Blockchain Incentive Structures: What they are and why they matter

However, even if token value was perfectly aligned with network value — the way that a company’s stock price is aligned with shareholder value — token value still fails the second criterion for a good performance metric. Blockchain platforms should not rely on token value alone to generate participant incentives for the same reason that employers d... See more

Blockchains are the Lego of crypto-finance and crypto-governance: they are a very effective tool for implementing transparent in-protocol rules to govern common resources, assets and incentives.

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 more