The Ultimate Takeaway From The Rise of Blockchains is The Importance of Incentivization

Bitcoin has been hyped for over ten years and still has such strong vitality, says Andrew Keen. Keen says the cornerstone of decentralization is the incentive mechanism. Keen: The rise of a country is accompanied by the birth of a new incentive mechanism, or the high use of certain incentive mechanisms as an inevitable hype. He says the rise of joint-stock companies in Britain has brought great strength to its colonial expansion and the industrial revolution. Keen argues that a strong incentive mechanism for “shareholding companies’s” companies, such as the Dutch East India Company, is necessary to stimulate production.