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Connor McCormick ☀️
@nor
Help me be wrong about Index Wallets .22 ETH Everything you should need to know can be found here: preprint.indexwallets.org This bounty has various sub-bounties, when the money is used up it's gone. See next cast for sub-bounties @bountybot
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Connor McCormick ☀️
@nor
Bounties on .22 ETH: 30% - index wallet economies don't settle to a shared valuation at steady state 25% - index wallet don't have wealth equalizing dynamics 100% - index wallets can't be used to fund public goods 100% - there's a way to evade the voluntary taxation* 5% - they don't favor local businesses
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Connor McCormick ☀️
@nor
*index wallets can't be used to fund public goods* Show that it's not actually feasible for index wallets to be used for funding public goods. Assume that an economy has high adoption of index wallets and a public good some subgroup cares about, make an argument that that's insufficient for the good to be funded.
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Connor McCormick ☀️
@nor
*index wallet don't have wealth equalizing dynamics* In an economy with high adoption of index wallets and a steady creation of new public goods currencies, make an argument that this doesn't actually lead to wealth equalizing dynamics. Wealth eq means the gap between rich and non-rich shrinks.
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Connor McCormick ☀️
@nor
*there's a way to evade the voluntary taxation* The assumption of index wallets is that they tax you using incentives based on your private belief of your wealth. Show that doesn't work there's a scheme for a player to evade voluntary taxation by moving money around.
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Connor McCormick ☀️
@nor
*index wallet economies don't settle to a shared valuation at steady state* It's thought to be likely, and maybe important, that index wallet economies tend to settle to a shared valuation for everyone in that community after the economy has run for long enough A person is "in" an economy if they both buy and sell
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Connor McCormick ☀️
@nor
*they don't favor local businesses* Some of us believe that index wallets are likely to make local businesses more competitive than nonlocal businesses (multinationals or just from out of town). Earn .011 ETH to show this is not the case
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Degenlegion.com
@degenlegion-com
Even if people in an index wallet economy engage in both buying and selling, shared valuation may not emerge. Participants might hold differing opinions on the value of public goods or tokens based on subjective preferences, personal beliefs, or information asymmetry. Additionally, external influences such as macroeconomic conditions, market speculation, and unequal access to resources can create fluctuations that prevent the economy from stabilizing at a single, shared valuation, leading instead to fragmented or localized valuation clusters.
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