Cloaked in darkness, The Bitmobile emerges from its cave seeking sustenance. pic.twitter.com/fjIZriCPxc
Position of trust & power + misaligned incentives = scammer’s paradise. https://t.co/k9Vc16pcV9
We often claim “rational actors” when discussing game theory, yet rarely consider that actors likely have asymmetrical info / understanding.
“At a basic level, money isn’t value. It represents an abstraction of value. It’s a form of communication.” @aantonop, The Internet of Money
“What do we want?”
“EQUAL PAY FOR EQUAL PROOF OF WORK!”
“When do we want it?”
“AS SOON AS IT’S CRYPTOGRAPHICALLY VERIFIABLE!”