Coinmonks Letter #27, Brand new Coinmonks Job Portal 🎉🎉
Do not fear failure but rather fear not trying
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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.
Do you like subtitle? It’s a quote by Roy T. Bennett
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