What:

  • A way for strangers to coordinate without a central authority.
  • Bitcoin is an example

Premise:

  • Resource Based Participation: You join the game by putting skin in the game (Proof of Work)
  • Tokenomics: Your system has an internal currency (Bitcoin)
  • Decentralised Service Provision: Together, participants provide a useful service, decentralised
  • Rewards Sharing: People are rewarded for acting honestly and for providing that service (chain reward)