How Crypto Solves the Problem of Public Goods (Whitepaper)
abundances.substack.com
Toward a Decentralized Abundance Economy Download and read Abundance Protocol: A Decentralized Solution to the Problem of Public Goods whitepaper PDF here Abstract: a value-preserving coin issuance mechanism, supported by an on-chain domain-specific reputation system, would allow contributors to public goods projects to be compensated proportionately to the economic impact of their work. All participants in the ecosystem have an economic incentive to preserve the value of their currency while maximizing economic growth derived from public goods. When contributors are compensated through new coin issuance, economic growth is maximized and the value of the currency is preserved when the compensation value is equal to the realized economic impact of the public good. Accurately estimating the economic impact of public goods in a decentralized system requires reliable data, credible validation techniques, and mechanisms to counteract potential fraud and collusion — these result from the dynamics produced by the protocol’s incentive structure and built-in mechanisms.
How Crypto Solves the Problem of Public Goods (Whitepaper)
How Crypto Solves the Problem of Public Goods…
How Crypto Solves the Problem of Public Goods (Whitepaper)
Toward a Decentralized Abundance Economy Download and read Abundance Protocol: A Decentralized Solution to the Problem of Public Goods whitepaper PDF here Abstract: a value-preserving coin issuance mechanism, supported by an on-chain domain-specific reputation system, would allow contributors to public goods projects to be compensated proportionately to the economic impact of their work. All participants in the ecosystem have an economic incentive to preserve the value of their currency while maximizing economic growth derived from public goods. When contributors are compensated through new coin issuance, economic growth is maximized and the value of the currency is preserved when the compensation value is equal to the realized economic impact of the public good. Accurately estimating the economic impact of public goods in a decentralized system requires reliable data, credible validation techniques, and mechanisms to counteract potential fraud and collusion — these result from the dynamics produced by the protocol’s incentive structure and built-in mechanisms.