Can Blockchains Go Rogue?

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

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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

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