kaal:claim:3782210-014

Reputation must be staked and risked on votes over work evidence, because otherwise the system suffers the Tragedy of the Commons nothing-at-stake problem; staking ensures every expert is motivated to police every reputation-staked action in order to protect the value of their own investment.

To avoid the Tragedy of the Commons (the nothing-at- stake problem, "skin in the game"), reputation must be staked and risked with votes on work evidence. This ensures all experts are motivated to police every reputation- staked action, to protect the value of their investment.

Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021), Inductive argument for reputation architecture, p. 5
https://ssrn.com/abstract=3782210 · source PDF

Craig Calcaterra, Wulf A. Kaal, The Importance of Reputation for the Evolution of Decentralization (2021). SSRN: https://ssrn.com/abstract=3782210

• validation pool voting on work evidence

mechanismsupport: arguedinstitutional-design

• restates kaal:claim:3125827-006 Staking tokens with the potential for slashing is necessary to avoid the tragedy of the commons in a validatio...
• extends kaal:claim:3125822-013 The tragedy of the commons arises in any system lacking a well designed incentive structure; in blockchain pro...

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