[2015-10-11] Markets, Institutions and Currencies – A New Method of Social ...

[tyz]

Markets, Institutions and Currencies – A New Method of Social Incentivization

Up until this point the problem of incentivizing productive activity has essentially been dominated by two major categories of solutions: markets and institutions. Markets, in their pure form, are fully decentralized, made up of a near-infinite number of agents all engaging with each other in one-on-one interactions each of which leave both participants better off than they were before.

https://bitcoinmagazine.com/articles/markets-institutions-currencies-new-method-social-incentivization-1389412608