Stark: Base-layer token incentives are essential to maintain network decentralization
Elizabeth Stark · An Intro to Crypto: Decentralization, the Big Picture · Jul 15, 2018 · at 12:12
Elizabeth Stark, CEO of Lightning Labs, argues why open decentralized networks need native token mechanisms rather than traditional permissioned blockchain technology.
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“Actually when you have the incentive mechanism that is tied to this Base layer currency or token, if you will, that actually maintains the decentralization of the network.”
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More from Elizabeth Stark
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Stark: Lightning Labs will never launch an ICO
“Well, I, I've said publicly, there's never going to be a lightning ICO.”
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“So recently I was quoted as saying we're back in a Bitcoin, not blockchain world because so back when I was fundraising for my company, Lightning Labs nobody cared about Bitcoin and cryptocurrency. People would laugh us away. They wouldn't take meetings with u…”
Stark: Bitcoin is leaderless because Satoshi Nakamoto departed early
“Bitcoin is not ruled by a benevolent dictator. So Satoshi, the creator of Bitcoin actually left the community in very early and has not been seen since. One thing that I think is really fascinating is that there is no leader.”
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“The incentive structure is built such that there are so many people that are incentivized to not have the network be attacked, that we have not seen that happen as of yet, and I believe as these communities and these currencies grow we'll see even more of that…”