Incentives without verification get you Sybil-attacked to death
Leveraging Incentives to Build with Your Community | Open AGI Summit | Brussels 2024 (Open AGI)
“Akash hasn’t enabled incentives on chain yet, and the reason for that is you do not want to have incentives without verification… we saw recently with another network that enabled incentives without verification — they got Sybil attacked to death. Sybil attacks are very, very real; every time there is money on the line, you want verification.” — 00:04:27
Context: First of his four incentive-design lessons; he doesn’t name the rival DePIN network. Gensyn’s Ben endorses the point (“incentives aren’t the product”).