Bootstrap Problem
topic on 1 show · 1 statements across 1 episodes
1 statements about Bootstrap Problem, every show
Dixon: Crypto solves network bootstrapping by trading financial value for utility
“And so one thing that cryptocurrency does potentially is it's like a universal solution to the bootstrap problem. We call it chicken egg problem, which is you incentivize the early users when there's not enough network value, you give them financial value. And…”