Quotes About Incentivization

Life needs penalties and rewards for people. You can't control people with only penalties. You have to think how to create rewards.

The theory of mechanism design can be thought of as the 'engineering' side of economic theory.

it is often possible to elicit the behavior you want through nonfinancial means.

Most of economics can be summarized in four words: "People respond to incentives." The rest is commentary.

Regulators, you may recall, have an incentive to make rules as complex as possible so their expertise can later be hired at a higher price.)

Redistributing tokens is a balancing act. In most cases, forks probably want to keep ownership for users constant so users have at least the same incentives to use the new fork as the historical one.