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Skin in the game is a foundational concept in the context of crypto networks. Stakeholders have skin in the game through owning tokens of monetary value, and are as a result financially incentivised to collectively work for a network. Its a powerful concept and a means to ensure risk symmetry, which is the notion that when people take on risk , they are directly exposed to both the potential upside <em>and</em> downside. That is, downside risk can’t be arbitrarily transferred to somebody else when it feels right. You own your risk.