Designing for efficiency vs speculation
Crypto projects–token networks, digital asset registries, maybe even pure cryptocurrencies–could benefit from understanding this prior art. Just as we seek to maximize the network value of property, we seek to maximize the network value of token networks and digital assets. We face the same problem with speculators that make suboptimal contributions to the network.
- More Here
Crypto projects–token networks, digital asset registries, maybe even pure cryptocurrencies–could benefit from understanding this prior art. Just as we seek to maximize the network value of property, we seek to maximize the network value of token networks and digital assets. We face the same problem with speculators that make suboptimal contributions to the network.
- Poor allocative efficiency means that users that would otherwise contribute value to the network are unable to.
- Poor investment efficiency means that users are not properly incentivized to add value to the network
- Poor diversity efficiency means that concentration of ownership (and sometimes control, in the case of networks with governance mechanics) impedes efficient use of the network.
- More Here
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