The thesis of the Berg et al. effort is that the key problem (at the margin, at least) is trust. The optimizing organizational response involves institutional cryptoeconomics. As they note, the chief problem in cryptoeconomics is designing mechanisms for generating reliable consensus; this is rather technical, and involves code that embodies solutions to strategic problems. … Continue reading Understanding the Blockchain Economy: An Introduction to Institutional Cryptoeconomics: The Independent Review: The Independent Institute