THE THIRD IMPACT

future balanced continuum

"A mechanism is an algorithm plus incentives. A tool that takes in inputs from multiple people, and uses these inputs as a way to determine things about its participants’ values, so as to make some kind of decision that people care about. In a well-functioning mechanism, the decision made is both efficient and incentive-compatible, meaning that people are encouraged to participate “honestly”."

Credible Neutrality As A Guiding Principle— Vitalik B.

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