added by Marcel Mairhofer and · updated 2y ago
Can Blockchains Go Rogue?
- 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 2y ago
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 2y ago
- Ralph Merkle wrote about Bitcoin as life:Bitcoin is the first example of a new form of life. It lives and breathes on the internet. It lives because it can pay people to keep it alive. It lives because it performs a useful service that people will pay it to perform. … It can’t be stopped. It can’t even be interrupted. If nuclear war destroyed half ... See more
from Can Blockchains Go Rogue? by Trent McConaghy
Gaia Soykok added 2y ago