Sentences with phrase «enough economic incentive»

This is a conviction that participants in the Bitcoin ecosystem have a strong enough economic incentive to converge on a single blockchain, such that they will converge on a single blockchain.

While bitcoin cash had a high of 0.4 BTC on Bittrex recently, that's still nowhere near enough reward (0.4 * 14 = 5.6 BTC vs 14 BTC) for a miner to have enough economic incentive to mine Bitcoin Cash.

When a large group of individuals has been wronged or harmed, but no one person has enough economic incentive to bring suit on his or her own, class action litigation is useful.

Not exact matches

Lead researcher Harriet Condie, from UEA's school of Environmental Sciences, said: «We took into account data such as catch and discard figures from fishing trawlers, fish prices and landing costs, to calculate whether banning the practice of discarding will offer enough of an economic incentive to fish sustainably.

If the price on carbon is high enough to penalize coal consumption, the theory is it creates economic incentives to retrofit coal plants or use gas or wind power to generate electricity.

From an economic perspective, online dating websites have a greater incentive to make sure they match up just enough couples to appear appealing but not so many that they pair off their base.

Any man stupid enough to pay a site for every email, text, phone call etc that he shares with a woman (and apparently unable to see the obvious economic incentives that this establishes) deserves to be fleeced.

And a convoluted tale it is, involving the country's wealth of natural resources (coal, iron, copper and water for powering machines and transporting goods), the comparatively high literacy rate that enabled common folk to educate themselves in science and technology, a patent system that protected the rights of inventors and gave them economic incentive to both create and refine devices, and a population large and wealthy enough to form a profitable market for products the new industries turned out.

The economic incentive to shut down a newly built coal power plant once it is up and running would have to be huge and to my knowledge the replacement «green» technology either does not exist or does not offer the Chinese a large enough incentive to switch.

Choice 3: Can we devise a carbon tax flexible enough to deal with the above uncertainties that: a) is fully refunded to every citizen and exporters, b) collected from importers, c) rises exponentially with future temperature change, d) responds to the willingness and effectiveness of other nations to limit their emissions, and e) provides reasonable economic incentives to reduce emissions if the IPCC's central estimates are correct?

Tragically, the net effect on the global atmospheric commons will be negligible, because if enough consumers respond to non-price incentives to reduce their consumption, the direct price of fossil fuels will decline, making it economic for others to increase their consumption.

Rather than a purely technical mechanism, Emergent Consensus is a conviction that all participants in the Bitcoin ecosystem have a strong enough (economic) incentive to find consensus on a single blockchain, even if their software does not do this automatically.