It’s not about the tech, it’s about incentives and economics

… not that I would know, because I was skipping economics classes in uni, but as they say “a dozen of econ medium articles a day, keeps a boring textbook away” (no one says it, don’t trust me). The idea of a distributed database is fine, but then who will maintain it? How do you make it trustless? How do you automate it all? Buuuah, incentives!

This allows you to model behaviour of different actors based on different scenarios. Making the system dynamic can be perceived as bad (forks) or impossibly bad (if implemented with governance, which works like shit for now). In any case, this is true for evertything that we do. Properly mapped out incentives can make you, your dog or your girlfriend (lol, you don’t have one) - do however you model it (don’t try this on people). It can be done via some economic incentives, a loyalty programme, an elite community pass and etc.

Which is why me and a few other homeless investors find token economics to be one of the most interesting and exciting concepts in crypto: because you can game it in various ways and get cool results. I have 1 test drive coming up related to this, but honestly curious to see if there are move ways to do fun things with behavioural psychology.

This is just an intro article on rewards + motivation, but probably lacking an instagram picture with a booty and a motivational quote 👧