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Abundance Protocol Documentation
WebsiteDocsWhitepaperBook
  • Protocol
    • Introduction
    • Key Concepts
      • The function of money
      • The problem of public goods
      • Regenerative economics
    • Protocol
      • Step 1: Project Post
      • Step 2: Impact Estimate Post
      • Step 3: Waiting Lists
      • Step 4: Validators Selection
        • Validation Tiers
      • Step 5: Periodic Validation
      • Step 6: Coin Issuance
    • Mechanisms
      • Incentive alignment for accuracy
      • Modular Protocol
      • Bad actors
      • Expertise Categories
      • Investing in Public Goods
    • Benefits
      • Incentivizing Innovation & Collaboration
      • Decentralized Economy
        • Decentralized science
        • Decentralized media
      • Building Capacity
      • Currency Sell Pressure
      • Regional & Community Currencies
    • Theoretical Framework
      • The value of public goods
      • Value-preserving coin inflation
      • Game-theoretic equilibrium
    • Conclusion
    • Whitepaper
  • Articles
    • Introducing Abundance Protocol
    • How to Prevent an AI Dystopia?
    • Abundance Roadmap: Everywhere All at Once
    • Is Crypto the Ultimate Universal Coordination Mechanism?
    • How Crypto Can Fix Social Media
    • How the Ratings & Attention Economy Corrupts Everything
    • How Crypto Can Transform the Economy and Government
    • WTF is the DePub (and Why You should Care)
  • ๐Ÿ”—Links
    • Abundance Homepage
    • Abundance Graphic Board
    • ๐Ÿ—บ๏ธAbundance Roadmap
    • ๐Ÿ“นAbundance on YouTube
    • ๐ŸฆAbundance on Twitter
    • ๐Ÿ“—Abundance Book
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  1. Protocol

Benefits

What sets the Abundance Protocol apart is an incentive structure that aligns the interests of all participants in the ecosystem; it drives contributors to maximize their impact (as well as openly collaborate with others) and incentivizes validators to objectively and accurately review contributorsโ€™ impact. All other participants also have an interest in the accuracy of reviews (since it affects the value of the currency) and will act to challenge any fraud in the system.

Participants in the ecosystem and non-participants alike benefit from the production of public goods that the protocol enables. Yet, compensating contributors does not come at the expense of participants, since the protocol is designed to maintain the value of the currency โ€” thus we solve the problem of the free-rider problem in public goods.

Let us now consider the major implications โ€” and challenges โ€” stemming from the design of the Abundance Protocol:

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Last updated 1 year ago