# No incentives without verification — io.net as the cautionary tale

- **Speaker:** Greg Osuri
- **Attribution:** attributed
- **Said:** 2024-07-22
- **Theme:** Crypto & DePIN — https://www.gregosuri.com/predictions/crypto-depin/
- **Source:** "\[Panel\] ​“Decentralized Computing as a Business”" (Kryptoplanet\[Official\])
- **Watch at:** 00:19:41 — https://www.youtube.com/watch?v=FXMqaH_0LCg&t=1181s
- **Canonical:** https://www.gregosuri.com/predictions/crypto-depin/2024-07-22-no-incentives-without-verification-io-net-as-the-c-usra/
- **Cite as:** Greg Osuri, "No incentives without verification — io.net as the cautionary tale," "\[Panel\] ​“Decentralized Computing as a Business”" (Kryptoplanet\[Official\]), 22 Jul 2024, 00:19:41. https://www.youtube.com/watch?v=FXMqaH_0LCg&t=1181s

## Quote — verbatim

> Akash doesn't have verifiability, it has a reputation system, and Akash doesn't have incentives because, well, we don't have verification. What io.net did is they enabled incentives without verification — then you get Sybil attacks... that's why we chose not to do incentives until we have verification.

## Context — site annotation, not spoken

Answering how to trust you're getting the GPU you paid for; describes Akash's optimistic quorum verification, reputation with fraud proofs, and a UT Austin TEE proposal for verifiable hardware.