nucypher / protocol

Upstream research, development and discussion relating to the NuCypher protocol and economic design
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Objectives of the NuCypher economic protocol #2

Closed arjunhassard closed 5 years ago

arjunhassard commented 5 years ago

Though an economic protocol is a means to prevent or minimize worker/staker misbehavior, this alone is an oversimplification. Economic design choices have a far broader impact on the network, affecting everything from the market capitalization to the geographical distribution of workers. Hence, all economic mechanisms, parameters and strategies (whether already implemented, or to be implemented) should address one or more high-level network objectives. Some objectives align, clash or are sub-goals of one another; nonetheless, the importance of each is evaluated individually.

These objectives are a first draft and are subject to change based on team feedback/criticism. I consider it a fairly urgent task to contextualize mechanisms like slashing or a Worklock against a prioritized list of the project's ambitions.