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Topic: There's a Problem With Crypto Funding – And Vitalik Just Might Have a Solution (Read 124 times)

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These are free riders are here because of the decentralization system as they are using this as an advantage. Actually these free riders are always present in the economy systems. Market will soon take action to weed out these free riders.
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Quadratic Voting can be a solution for eliminating free riders from the crypto ecosystem but we also need to acknowledge the fact that without all these free riders crypto adoption, which has happened so far, wouldn't be in the stage where it is right now. But, with time, we should definitely omit them from the equation.
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There will be people who will take the free ride and will make the most of this decentralized system by getting this free piggyback ride. We even face them too in reality as well. And we do need to come with ways to make them stop getting things all laid out on a plate.
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Though it is just a concept right now, but free riders who are actually getting to be part of the crypto ecosystem should not be overlooked by the whole community and Kudos to Vitalik for finally recognizing the threat and trying to help the problem by providing the concept of solution. Hopefully, it will get implemented soon.
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The main concern about the whole solution is that, the process of grant-making is not fully decentralized, so how it will become popular among crypto community should be an exciting thing to see but I am sure no one in this ecosystem would like to have free riders that are just making profit by leveraging others.
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Actually these free riders are taking the advantages of decentralization system. These free riders are also common in the general economic system of the real world. We cannot spell them out fully but we can reduce their existence and impact.
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i think every crypto people should read this article. because it is more helpful for take a good decision. here is more important tips for crypto people.
newbie
Activity: 84
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it is more important article for crypto people because here is more information for crypto funding. i think everybody should read this and keep store. thank you for sharing this.
newbie
Activity: 60
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There's a Problem With Crypto Funding but it will not stable. in this article are more necessary for crypto people. they will get their knowledge. i think its will helpful for crypto people.
newbie
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There are free-riders in the cryptocurrency ecosystem.

At least, that's the contention of a new paper, shared with CoinDesk on Monday, written by ethereum founder Vitalik Buterin, Microsoft researcher Glen Weyl and Ph.D. of economics at Harvard, Zoë Hitzig.

And free-riders pose a problem.

https://www.coindesk.com/theres-a-problem-with-crypto-funding-and-vitalik-might-have-a-solution/
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