I think there's some interesting parallels between FCC spectrum auctions and mining/lightning.
https://m.youtube.com/watch?v=Rcum31Dy4ZQ&pp=ygUdUGF1bCBtaWxncm9tIHNwZWN0cnVtIGF1Y3Rpb24%3D
Discussion
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Lightning Labs is experimenting with liquidity auctions in their Pool product
https://docs.lightning.engineering/lightning-network-tools/pool/batch_execution
Auctions can help prevent market manipulation from powerful entities.
And now I know there's maths for modeling auctions. 🤔
Yeah! This is an interesting field. Very relevant for freedom tech
https://www.cambridge.org/core/books/algorithmic-game-theory/0092C07CA8B724E1B1BE2238DDD66B38
I think Bob has some great insights on p2p marketplaces
https://xcancel.com/BobMcElrath/status/1238471088822259714#m
https://xcancel.com/BobMcElrath/search?f=tweets&q=Order+book&since=&until=&near=
I follow bobs braidpool work. 🤔
Ehash subpool on braidpool, with geographic rf auctions running over this bot framework on #reticulum
https://github.com/braidpool/braidpool/blob/main/docs/derivatives.md
There's some angle with pricing mint credit risk that I've been trying to grok
I'm just spitballing here, don't take this to the bank 😅
I've been thinking that it would be healthy if bitcoin got away from predominantly pricing in USD to something more bitcoin native like hashrate or feerate derivative. That way there's not a violent currency competition between USD and BTC. I think that would be a more peaceful future.
I think this risk is very relevent:
https://xcancel.com/BobMcElrath/status/1925510399329292572#m
@Bob McElrath
Don't put @Tether_to on lightning. It will create an incentive conflict that will destroy both Bitcoin and Tether, giving miners incentives to short BTC/USDT while delaying or censoring, or orphaning channel open/close.
May 22, 2025 · 11:13 AM UTC
Bitcoin vs. USD civil war is a very ugly future
I'm interested if there's some crossover here with your Rails product
Happy to chat and dive in!
Bitcoiners will be able to outbid other auction participant after we hyperbitcoinize and/or dismantle the State. Will still need shared spectrum protocols.