Economics
The Economics of Public Goods Provision in Decentralized Governance Systems
Quick fact
In Bitcoin, security is a public good provided without a central authority; miners are incentivized through block rewards and fees, and the network relies on a decentralized consensus mechanism to maintain trust among strangers.
Why this is interesting
You know how a park gets trash picked up because we all chip in? Now imagine that park is run by a community with no mayor—how do they decide who pays?