"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
Vincent /
npub1mz…ryvaw
2024-05-14 10:14:31
Author Public Key
npub1mzyp990kgskujdyplzydmd08ft42mkkfg4lzldaap8ng7n2u3kmspryvawPublished at
2024-05-14 10:14:31Event JSON
{
"id": "6d0ffad0f8b57cb3c449785f4ac23c2ddd94b0e4bdab64f302518ed17d5bb3d2",
"pubkey": "d8881295f6442dc93481f888ddb5e74aeaaddac9457e2fb7bd09e68f4d5c8db7",
"created_at": 1715681671,
"kind": 1,
"tags": [],
"content": "\"DECENTRALIZED SYSTEMS ARE GOVERNED THROUGH INCENTIVES\nThe 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.\"\nhttps://bitcoinmagazine.com/technical/how-did-satoshi-think-of-bitcoin",
"sig": "8a589ed97dd76acdecbe29abfc685b1f16ef34cc0cc67fc2d0f9d8bf76271c2e15b6a34a8ae582218a0badecf941252675da7e24b986ef21b90d2b66237f4f5b"
}