Charles Hoskinson Explains Crypto’s ‘Cooperative Equilibrium’ Problem
- Charles Hoskinson believes cryptocurrency suffers from a lack of cooperative equilibrium.
- The challenge stems from the underlying tokenomics of cryptocurrencies.
- Modern business relies on cooperative equilibrium to thrive.
Cardano founder Charles Hoskinson thinks the biggest challenge facing cryptocurrency growth is the lack of a cooperative equilibrium. Hoskinson made the statement during a recent interview, where he discussed issues affecting the broader cryptocurrency industry, including blockchain interoperability, synthetic biology, quantum computing, and several other critical elements of crypto development.
Hoskinson linked the highlighted challenge to the underlying tokenomics of cryptocurrencies, which makes them intrinsically adversarial.
Hoskinson: Crypto Is Trapped in a ‘Zero-Sum Game’
According to the Cardano founder, the industry has become a zero-sum market where for one entity to succeed, another must suffer. For instance, Bitcoin’s success depends on Ethereum’s failure and vice versa. More generally, he cited how the cryptocurrency’s design targets replacing the banking industry instead of improving it.
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The post Charles Hoskinson Explains Crypto’s ‘Cooperative Equilibrium’ Problem appeared first on Coin Edition.
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Charles Hoskinson Explains Crypto’s ‘Cooperative Equilibrium’ Problem
- Charles Hoskinson believes cryptocurrency suffers from a lack of cooperative equilibrium.
- The challenge stems from the underlying tokenomics of cryptocurrencies.
- Modern business relies on cooperative equilibrium to thrive.
Cardano founder Charles Hoskinson thinks the biggest challenge facing cryptocurrency growth is the lack of a cooperative equilibrium. Hoskinson made the statement during a recent interview, where he discussed issues affecting the broader cryptocurrency industry, including blockchain interoperability, synthetic biology, quantum computing, and several other critical elements of crypto development.
Hoskinson linked the highlighted challenge to the underlying tokenomics of cryptocurrencies, which makes them intrinsically adversarial.
Hoskinson: Crypto Is Trapped in a ‘Zero-Sum Game’
According to the Cardano founder, the industry has become a zero-sum market where for one entity to succeed, another must suffer. For instance, Bitcoin’s success depends on Ethereum’s failure and vice versa. More generally, he cited how the cryptocurrency’s design targets replacing the banking industry instead of improving it.
Related: Eric Trump War…
The post Charles Hoskinson Explains Crypto’s ‘Cooperative Equilibrium’ Problem appeared first on Coin Edition.
Read More
Cardano’s Lace Wallet to Integrate XRP, Earns Praise & Participation from Lawyer John Deaton