notthere
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notthere
@notthere
But it's bascially say that crypto is and will be a financial layer. There are also people owning something in internet before, for example silicon elites. And the same thinh for crypto, most assets belong to a small amount of people. Every one "owns" some money, but some owns much more. Crypto is not about "own" something, it's more about fair distribution.
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notthere
@notthere
我觉得我成了一个咖啡壶
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Vitalik Buterin
@vitalik.eth
Mathematicians have a really annoying tendency to use the word "elliptic" to refer to things that have only a tenuous connection with ellipses.
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notthere
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In Ethereum’s minimalistic design, economics is at the core. But it’s not seen as the goal, it’s should marks the beginning of Ethereum’s potential and our imagination of Ethereum.
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notthere
@notthere
And the conclusion is that in Ethereum protocol, economics is a powerful tool to defend this human-computer collective, or system. But it’s not meant to be a powerful tool to extract value from this system.
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notthere
@notthere
This is interesting since I want to take algorithm here as machine like thing, which here I see machine as a set of mathematical rules, and incentives here as mathematical assumptions of human nature, which is also machine like nature of human beings.
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notthere
@notthere
I am reading Vitalik’s “Credible Neutrality As A Guiding Principle”, and this sentence “essentially, a mechanism is an algorithm plus incentives” caught my eye.
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notthere
@notthere
My thoughts today is that economics is essential to Ethereum protocol because it’s used as a powerful tool to defend the value that Ethereum built upon: decentralization. But it’s by no means the end of our imagination on Ethereum. (Thread)
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