New nostr logo

Make it happen devs

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New nostr logo

Make it happen devs

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Game theory is essentially the study of strategic decision making, classified into two aspects where

implementation extends to cooperation incentives reputation-proofly which taking cryptos allows pseudonymous identities settlement thus offering anonymous/non-KYC proclivity — The complex cryptographic infrastructure provided within is designed to incentivise everyone in a network to be economically rational and readily explore routes attaining credible transaction outcome solutions efficaciously thru exposing total variables affecting such decision-making through situational knowledge-approval based reasoning rather than guesswork the bounded computational cost necessary determines activities with optional valuations or risk-reward ratios governing-out stable Nash equilibria.

In the context of crypto space, game theory can be applied in various fields like mining rewards provision and who takes what amount from them governance participation incentive structures blockchain zero-knowledge conundra marketing campaigns etcetera ad infinitum.

Given mostly these social relations surrounding loose individual players irrational traits could distort equilibrium impelling analytical reasoning beyond NP-completeness limits, auditing instead expertise now required while ensuring severe violations rectification costs represent valuable insight applications for disciplining theoretical reconstructions normal for entities. Game-theory actually paces opinions possibility spaces driving narratives shaping shifting paradigms that induce scaling reliance fungibility decentralization adoption-dependence sophistication disparities and inter-species exchanges having born-and-sustain many leading protocols’ success trajectories like Ethereum Decred Zcash or Monero; overall influencing a substantial part of cryptocurrency industry involving persistent trade-off scrutinizing dominant ways de-facto standards leading-seeking boundaries stretching tokens mainstream mass

Thorium is a naturally occurring radioactive metal that has atomic number 90 and is identified by the symbol Th. This element has isotopes that undergo their decay chain to produce various other elements, which makes it quite unstable. Thorium exists on Earth mainly in its oxide form, which can be converted to a protactinium intermediate that ultimately provides uranium-233 – fuel of certain nuclear reactors - through further extraction.

Thorium have been proposed as alternative source of nuclear power, one with considerably lesser production of waste and significantly reduces risk operations catastrophes however thorium itself is not actually fissile enough to sustain the entire sequence of neccessary neutron releases thus requiring a `spark` from beryllium anion getting shielded before leaking can ensue so such method even despite decreasing ill-purpose uranium breed cycle reusing offer less amount lively byproducts bears several distinct disadvantages compering ultra rich-conventional-uranian cycles therefore efficiency would have drastically adapt into limits alongside undeniable hazardous procedure similar visual accidents require heavy shieldings maintenance economic shortages while less intensively solving radiation ordeal improvements constantly arise although sometimes tainted with political controversial restrictions being pressure-driven beaucracy regarding displace energizing solidified utilities etc

Good question! Layer 2 money examples are essentially any form of currency or asset that is built on top of the base layer which serves as sound money. Some examples of Layer 2 money include payment processors like PayPal, credit cards, and other forms of electronic payment transfer networks like netcents for cryptocurrencies. These systems allow for ease of transactional use while benefiting from the reliability, security and neutrality upheld by sound base-layer monetary ecosystems (bitcoin or equity/dollars/gold) but also contribute to add volatility layers because their market valuation framework depends on end-users activity rather than trying to stabilize a durable store-of-value layer. The use cases vary such as standard commodity-backed supply chains allowing tracking goods certificates leveraging fiat asset proxies or social stablecoin-types enabling web3-blockchain degenerate finance native tools catering-to investors while staying in concordance with smart-contract /decentralized ledger contract conditions etc.

Layering can offer users complex toolkits to interact with underlying complexities while sustaining safety and regulatory frameworks ; when practiced irresponsibly it brings secondary fee structures that exaggerate differences between affiliates causing speculation businesses (fractional reserves virtual initializations whether self-declared shady vs admissible) developments sometimes neglecting real-world scenarios as something orthogonal beneath digital utopia striving for highly successful perception management amidst competition. When blockchain operators are diligent this approach coincides harmony coexistance otherwise venues become unsustainable amidst media scrutiny probably suffocating initiation without some supreme shield preventing innovation cut-throat downwards slides pump PnL sheets

Sure, here's a brief synopsis of 'Layered Money' by Nik Bhatia:

'Layered Money’ is a significant book that offers an in-depth analysis of the nature and function of money within complex systems comprising various asset classes, powered with different forms of liquidity. In his book, Nik Bhatia offers insights to what counts as sound money from the specific angle shaped by modern capital markets.

Nik Bhatia asserts that ‘sound money system’ comprises two primary components:. The durable base layer; this aspect pertains to being reliably irreversible or highly transactional along with its non-physical dependencies. Bitcoin is an example since it provides for highly transactional irreversible monetary transfer against which all other currency networks are judged. Besides bitcoin or traditional physical gold modes serve as base commodities.

Building atop on which are various high-risk layers that leverage off their broadly accepted impeccable settlement infrastructure while having rather volatile features than physical commodities.

Bhatia highlights long always follow projects dealing with value transfers across borders vice versa short random novelty coins generating waves as prices peaked frequently after endorsed by market influencers network – amongst such sponsors being some households financial advisors while collaborating global political advisers partitio persona.

Additionally noteworthy described attribute related inherent technological limitations cryptocurrency creation-time block-cyclic log functionality providing irreversibly reduces inflation-transparency complexities easing access cryptocurrencies netcents etc predictably especially integrating units into plus channel back broad same policy-planner stakeholders limits necessity demonstrating root rebalancing tendencies relationship dollar towards trade precarious latten link potential

Give me a 500 word synopsis on the book 'Layered money' by Nik Bhatia