Mark Mason
Well-known member
The Tragedy of the Commons in Cryptocurrency
The biggest buzzword in cryptocurrency: decentralization. The most scarce commodity in cryptocurrency: decentralization.
Though prided on having loose structures and open participation, many cryptocurrency projects nonetheless suffer from the effects of centralization, from dominance by a single development team to cult of personality around the founder, powerful mining conglomerates, services or businesses dominating a large chunk of the market, and more. This is because most have fallen prey to the tragedy of the commons: no one/everyone owns it, so no one has responsibility to properly maintain it, leading to either disrepair or centralized entities coming in and taking over.
Read more: https://www.dashforcenews.com/the-tragedy-of-the-commons-in-cryptocurrency/
The biggest buzzword in cryptocurrency: decentralization. The most scarce commodity in cryptocurrency: decentralization.
Though prided on having loose structures and open participation, many cryptocurrency projects nonetheless suffer from the effects of centralization, from dominance by a single development team to cult of personality around the founder, powerful mining conglomerates, services or businesses dominating a large chunk of the market, and more. This is because most have fallen prey to the tragedy of the commons: no one/everyone owns it, so no one has responsibility to properly maintain it, leading to either disrepair or centralized entities coming in and taking over.
Read more: https://www.dashforcenews.com/the-tragedy-of-the-commons-in-cryptocurrency/