A New $4 Billion Drop Sees Bitcoin Cash And The Entire Market Falling (FILEminimizer)

Vitalik Buterin, as described in his research paper believes that there are a lot of free-riders in the crypto world and they are a genuine problem. Free-riders can be businesses or people that make profits of public goods by making under-provision and this kind of behavior is harmful to the crypto market in general but also for funding certain blockchain projects.

The mechanism that might help is actually a system that will allow groups to allocate funds in order to maintain public services or goods eliminating the possibility of a free-rider being attached to them. The method is similar to a stake-method that is based on voting that will broaden the concept. It will help by increasing funding for certain projects.  Also, there are a few very important elements that will much likely benefit the cryptosystem.

Also, the team that works on this solution believes that this will have a huge impact on ethereum and projects similar to it such as zcash that rely on non-profits. This process is actually a little centralized but reasonably because it relies on the judgment of a group that can easily detect the needs of the communities.

They hope to bring the community better financing and better leverage. This method, however, cannot be adopted right away. It hasn’t been fully tested and might have some vulnerability to it such as attacks or bugs. It also cannot co-exist with anonymity which is the most important thing for crypto users.

Above everything, there’s hope that despite being imperfect, the project offers a decent solution that will encourage others to think and even build on top of this method their own solutions.