just zapped you some zero emission sats
and power in having that process of assigning value up to the user and not one company. decentralized and truth seeking.
speaking of nintendo… the AVS console from retroUSB is 🤩 and something I hope to purchase one day. AVS 🤝 ₿itcoiner
dance dance revolution extreme
Engaging the #nostr tetrad on this 🔥 post: zap + shaka + boost + reply
The 5th most populated country on earth has almost entirely BANNED cash. Your country might be next.
great work. followed and zapped! 😎🤙⚡️
An interesting essay from Vitalik Buterin a few years ago, that I missed at the time:
https://vitalik.ca/general/2019/04/03/collusion.html
In the first half he nicely elucidates concrete reasons behind an intuition I've always had: that using game theory to build decentralized financial systems always suffers because they have a dependency on identity (and how I'd put it: the problem with that fundamentally, comes from the fact that identity is a fiction, an arbitrary and unanchored construct).
This problem manifests as the impossibility of avoiding collusion in various forms.
Quote:
"But in the version of game theory that allows for the possibility of coalitions working together, called cooperative game theory, there are large classes of games that do not have any stable outcome that a coalition cannot profitably deviate from."
This is the problem - a lot of academic game theory posits isolated actors, however that is *never* the real world (see: sockpuppets or simply, communication!). That's why I've always told people, just like Nick Szabo did to Manfred Karrer back in the days of bitsquare, "don't rely on game theory, replace it with cryptographic verification").
He then correctly identifies, in the middle of the article, the best solution to the collusion problems described: proof of work, because it is identity-less.
The remaining part of the article feels like a reach, looking for increasingly Byzantine (pun intended) partial solutions to what he clearly understands to be an insoluble problem.
good find, zapped sir 🫡
welcome daniel! great to see you on #nostr 🤙
What I'm reading: https://chainfail.substack.com/p/coinbase-launches-an-l2 Great write-up by Nifty 🤙
Going Live with Mandibles Author Lionel Shriver in 30 Minutes.
Join us in the interactive live chat via YouTube, Twitch, or Matrix 🤙
youtube: https://youtube.com/@citadeldispatch
twitch: https://twitch.tv/citadeldispatch
bitcointv: https://bitcointv.com/w/nYGx7Eg3C3jWACS2JMbKAf
matrix chat: https://citadeldispatch.com/chat
AMAZING!!! Best Bitcoin interview of the year. Thank you so much Matt for getting Lionel on the show and also to #[2] who originally introduced me to the book.
Excellent as always! Is Nozomi on Nostr yet?
😂 easiest zap of the day ⚡️₿⚡️
Important addition:
> This gives the Bitcoin Network properties that are unique and also unusual when compared to the Federal Reserve, the Bank of England, the People’s Bank of China, other Central Banks, and all “crypto” altcoins like Ethereum where monetary policy is centrally controlled, specific entities are given the privilege to inflate the currency…
Take self-custody of your likes.
Choose ZAPS.
⚡️₿⚡️
zapped k 🤙⚡️₿⚡️
And 4) is exploring true v4v on social media with integrated micropayments. Following up on your other post, just imagine how powerful of an experience it will be for the masses when the “like” can default to automatically zap a few sats, and everyone starts experiencing that little rush on both the sending and receiving side.
Welcome Caitlin! So grateful for the work you do. Money is the foundation of civilization and we need more champs like you spreading the word. ⚡️₿⚡️