Marcel Mairhofer
@marcelmairhofer
Marcel Mairhofer
@marcelmairhofer
In the past, trust was purely social (think the caveman days). Then it switched to trusted institutions (banks, governments, companies) which was a step up, but we still had to rely on the other parties goodwill, or their incentive to behave in the right way.
The problem today is that institutions have become the sole gatekeepers of trust. We are st
Bitcoin and
Part 1 - Introduction Mechanism Design - Programming human behavior through carefully designed incentives. Humans are goal-oriented machines that react to incentives. Incentives are produced by economic games that can be crafted and engineered. So we humans do something to reach a goal, and one of the most unifying goals is money. So we desi
... See more