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Coinmonks Letter #27, Brand new Coinmonks Job Portal 🎉🎉

Do not fear failure but rather fear not trying

Coinmonks- Embracing Future Technologies

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Quote of the Week-

“Courage doesn’t always roar, sometimes it’s the quiet voice at the end of the day whispering ‘I will try again tomorrow” ― Mary Anne Radmacher

Story of the Week 👇 👇

A universal framework for understanding incentive design in crypto and fiat systems Part-1

In order to change a prevailing extant system, one must first understand the system itself and that it is the nature of the system to resist a change. To solve the Coordination Problem, one must first understand clearly (a) how existing third-party enforcement rule systems work to create trust and (b) how the Bitcoin solution and its proposed decentralized governance system can provide a clear advantage to network users over Fiat at the level of incentive design.

What we found useful in the ongoing viksavaakya is a universal framework that can bring clarity and fine-tune our approach to enable such a transition and successfully create a decentralized economy.

👉 Read full story

By Varun Vruddhula (Varun is an Aerospace Engineer who fell into the crypto rabbit hole, Follow him on Twitter)

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Do you like subtitle? It’s a quote by Roy T. Bennett

Tweet me at @coinmonks or mail me at gaurav@coinmonks.com

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