by Matthew Patrick, Nik Hawks, and Max Gold The glorious possibility of a DePIN, that of gathering a group of strangers together to achieve something far greater than any fraction of them could achieve, carries with it an inherent burden: Some people cheat. That’s not to say all people are immoral, or even that most […]
incentive design
Hex Boosting: A Tale of Two Projects
We are now emerging into a third season of DePINs. The first season was entirely Helium, demonstrating how token incentives could drive the rapid build out of a global network. The second season was marked by the explosion of follow-ons like Hivemapper, DIMO, and WeatherXM, all of them using the core concept of decentralized physical […]
Do You Need to Cluster?
Think of cluster incentives as the opposite of the heat death of the universe. Heat death is a theoretical end-state in which the universe has flat-lined. All energy is evenly distributed, every star has burned out, there are no hot spots. It’s all the same. Boring. Cluster incentives serve the opposite goal, driving high value […]