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docs: ✏️ refine statement on blockchain incentives
Improve clarity by specifying that blockchain incentives have significant real-world impacts.
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Blockchain.md
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Blockchain.md
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- Blockchains solve distribution problems but they don't solve the problem of who will add the money to the ecosystem. That's a political one. Unless there are good incentives to move to blockchains.
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- Once a system moves to a blockchain, it'll get its properties (e.g: transparency and verifiability).
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- Open source has the failure mode of not enough incentives, cryptocurrency has the failure mode of excessive and overly concentrated incentives.
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- Blockchain incentives can have large real world undesired second order consequences. E.g: Bitcoin incentivizes miners to use a lot of energy.
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- Blockchain incentives have large real world undesired second order consequences. E.g: Bitcoin incentivizes miners to use a lot of energy.