3 ms·
I'm not a web3 evangelist but I feel the need to say, all of these examples are the result of incentives. Dig into "theory of the firm" it is a very poorly yet
by betwixthewires 5y ago
I'm not a web3 evangelist but I feel the need to say, all of these examples are the result of incentives. Dig into "theory of the firm" it is a very poorly yet somewhat understood set of principles. If you can construct a system with incentives that make consolidation more costly you can by and large prevent it where you want to prevent it. Of course, there are still things that are more efficient after consolidation, there are things you wouldn't want to disincentivize consolidation in, and carefully designing incentives is a lot like preventing security exploits: you have to think of everything to prevent an unwanted outcome, but all you have to do is miss one thing and you get unwanted outcomes.