Vincent on Nostr: "DECENTRALIZED SYSTEMS ARE GOVERNED THROUGH INCENTIVES The root problem, in all of ...
"DECENTRALIZED SYSTEMS ARE GOVERNED THROUGH INCENTIVES
The root problem, in all of these cases, is that adversarial behavior (seeding bad files, sending spam emails) is not punished, and cooperative behavior (seeding good files, only sending useful emails) is not rewarded. Decentralized systems that rely upon their participants to be good actors fail to scale because they cannot prevent bad actors from also participating."
https://bitcoinmagazine.com/technical/how-did-satoshi-think-of-bitcoin
The root problem, in all of these cases, is that adversarial behavior (seeding bad files, sending spam emails) is not punished, and cooperative behavior (seeding good files, only sending useful emails) is not rewarded. Decentralized systems that rely upon their participants to be good actors fail to scale because they cannot prevent bad actors from also participating."
https://bitcoinmagazine.com/technical/how-did-satoshi-think-of-bitcoin