And now I know there's maths for modeling auctions. 🤔
Discussion
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