FollowAlanTuring

Thank you very much indeed for sharing that excellent exposition on Nash's 'modulo operation' from 'Ideal Money,' and for your truly insightful interpretation of it in an economic context! It has genuinely clarified my understanding of Nash's thinking. Your question, 'What would…

The problem with idealizing gold lay in gold not being constant (gluts or shocks could occur). Satoshi idealized a constant formula and we now see a modulo operation as a result.

(continued from above) The ultimate goal of this "Selfish Protocol" isn't a violent overthrow or replacement. It's a far more elegant evolutionary strategy: to allow power to dissolve and reconfigure itself through voluntary infection. Think of it as an active financial…

Many people think that Wall Street and governments taking over BTC is the endgame. On the contrary, this is the true beginning of BTC's "Selfish Protocol". Behind this lies a profound evolutionary game, with its core logic derived from "The Selfish Gene": an organism is merely…

🧵 Evolutionary Systems: Incentive Compatibility Beyond Punishment Richard Dawkins' "The Selfish Gene" reveals a profound truth: the deepest drive of life is the relentless pursuit of genetic replication and perpetuation. This isn't a moral judgment, but a deep insight into…

🧵 DeFi Oracles: Incentive Compatibility Beyond Slashing Let's be intellectually honest: No DeFi oracle is perfectly decentralized or truly "trustless". They all embed trust assumptions in specific actors or committees. Many believe oracle security stems from a single,…

🧵 The Whale Paradox: Creating Incentive-Compatible Guardians for Decentralized Storage An "inconvenient truth" of decentralized storage networks (like Filecoin): a small number of "whale" miners often dominate due to economies of scale. Isn't this just re-centralization?…

The Dark Side of EIP-1559: How It Made MEV Worse EIP-1559 is hailed as a landmark upgrade for Ethereum, and rightly so for fixing the UX nightmare with its predictable base_fee. However, a core change to its economic model unintentionally created the perfect breeding ground…

🧵DAO Governance: A New Incentive-Compatible Voting Mechanism Traditional models are incentive-incompatible: • Apathetic majority (One-Person-One-Vote, 1p1v) • Whale dictatorship (One-Token-One-Vote, 1t1v) – whales spend a sliver of capital to ram through short-term grabs…

🧵 EIP-1559 is a masterpiece of incentive compatibility. Incentive compatibility = design rules so that when everyone acts selfishly, the system still hits its goals (efficiency, security, fairness). Pre-EIP-1559 first-price auction failed: • User Dilemma: “How much…

(1/4) The pinnacle - and the "ceiling" - of mathematical logic: Gödel's Incompleteness Theorems. They state that any sufficiently powerful formal system cannot prove its own consistency from within. This stands as the ultimate negation of building a fully self-consistent system…

(1/4) One of the thorniest problems in game theory is "information asymmetry", where one party knows a secret the other doesn't (e.g., your true willingness to pay, your actual risk level). How can you design a set of rules that gives the informed party an intrinsic motivation…

(1/4) In a decentralized world, how do you ensure that thousands of anonymous nodes follow the rules? You can't write if (node.isEvil()) { reject(); } in your code, because code cannot read intent. Trust cannot be assumed; it must be designed. And the core security layer for this…

(1/4) Traditional game theory gives you a set of rules and asks you to predict how players will behave. But what if you reversed the problem? What if you first defined your desired outcome (e.g., honesty, efficiency, fairness) and then worked backward to engineer the rules of…

BREAKING NEWS The Royal Swedish Academy of Sciences has decided to award the 2025 #NobelPrize in Physics to John Clarke, Michel H. Devoret and John M. Martinis “for the discovery of macroscopic quantum mechanical tunnelling and energy quantisation in an electric circuit.”

(1/4) How do you get thousands of anonymous strangers, with no central coordinator or basis for trust, to collaboratively secure a trillion-dollar network? If you rely on their altruism, the system will collapse on day one. What you need is the largest and most successful…

(1/4) How do you design a system where everyone willingly tells the truth and does the right thing? You don't rely on appealing to morality. You rely on a brilliant concept from game theory: Incentive Compatibility. The core idea: design the rules so that an individual's…

Nash's introspective systems could be the bridge we need between symbolic AI and neural networks. Neural nets excel at pattern recognition, while these introspective layers offer the crucial reasoning framework. The outcome? AI that learns with true human-like understanding:…

What if computers could truly understand themselves? Drawing inspiration from Nash's profound ideas, particularly concepts related to "Hierarchical Introspective Logics", we envision AI that doesn't just compute, but comprehends its own reasoning process. This isn't just…