Cryptocurrency Incentives and Corporate Structures

This is long but a really good read because this is a real issue:

The cryptocurrency world faces a tragedy of the commons and free rider issue: there is little ongoing economic incentive to contribute to an existing, major crypto project versus to launch your own token.

This is exactly what @peter and I have chatted about even for ourselves and this community… why support another token when we could launch our own? One of the biggest knows this for sure:

Ethereum is starting to suffer from a tragedy of the commons problem: while lots of people own ETH and would benefit from Ethereum improving, the economic reward for any single individual improving it is low.

Exactly.

Read more here:

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