Follow along with the course eBook: http://bit.ly/2W8PHvi
Take the full course: https://systemsacademy.io/courses/tok...
When you remove the centralized component in these networks you also remove the wall around them that they create which can work to greatly increase transparency across whole networks. By switching to a peer-to-peer model you switch to a model based upon direct feedback loops between peers, to get that dynamic real-time information feedback loop you need transparency; the information has to actually flow directly instead of being mediated. By aligning the interests of the network, you can make transparency possible as people have less of their misaligned incentives to hide from each other. When things are on the blockchain then everyone can go and audit what has happened, this is like finding bugs in open source software where "many eyes make all bugs shallow."
https://twitter.com/systemsacademy
Take the full course: https://systemsacademy.io/courses/tok...
When you remove the centralized component in these networks you also remove the wall around them that they create which can work to greatly increase transparency across whole networks. By switching to a peer-to-peer model you switch to a model based upon direct feedback loops between peers, to get that dynamic real-time information feedback loop you need transparency; the information has to actually flow directly instead of being mediated. By aligning the interests of the network, you can make transparency possible as people have less of their misaligned incentives to hide from each other. When things are on the blockchain then everyone can go and audit what has happened, this is like finding bugs in open source software where "many eyes make all bugs shallow."
https://twitter.com/systemsacademy