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Cryptoeconomics
See the “Cryptoeconomics” side menu for a full list of topics.
This started as a way to avoid retyping the same ideas, 140 characters at a time. In keeping with that environment, topics were as short as possible, and informal. I did not intend to write a book, and still could not.
Most of the topics (including this one) were written on my phone, on a flight, train or in a coffee shop. Many are quick observations that arise from intimate knowledge of core Bitcoin code or long self-study and experience in various disciplines.
Over time topics began to interact, a necessary taxonomy erupted, and what had been a casual process of ad-hoc observation started to become work. I made an honest effort to rationalize links and terminology, but my focus remains on understanding.
I have used the terms Catallactics and Praxeology to describe the underlying discipline. People also use the term Austrian Economics. I find each of these unsatisfying, so have started to refer to the discipline as “Rational Economics”. A strictly rational person with some perspective on economics would understand the inevitability of this.
The topics form a graph, over which no total ordering seems appropriate. The table of contents is a poorly-imposed order. While some attempt at progression has been made, I recommend reading the topics as they were written, as a curiosity.
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Cryptoeconomics
- Foreword by Amir Taaki
- Value Proposition
- Axiom of Resistance
- Money Taxonomy
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- Subjective Inflation Principle
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- Proximity Premium Flaw
- Variance Discount Flaw
- Centralization Risk
- Pooling Pressure Risk
- ASIC Monopoly Fallacy
- Auditability Fallacy
- Balance of Power Fallacy
- Blockchain Fallacy
- Byproduct Mining Fallacy
- Causation Fallacy
- Cockroach Fallacy
- Credit Expansion Fallacy
- Debt Loop Fallacy
- Decoupled Mining Fallacy
- Dumping Fallacy
- Empty Block Fallacy
- Energy Exhaustion Fallacy
- Energy Store Fallacy
- Energy Waste Fallacy
- Fee Recovery Fallacy
- Genetic Purity Fallacy
- Full Reserve Fallacy
- Halving Fallacy
- Hoarding Fallacy
- Hybrid Mining Fallacy
- Ideal Money Fallacy
- Impotent Mining Fallacy
- Inflation Fallacy
- Inflationary Quality Fallacy
- Jurisdictional Arbitrage Fallacy
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- Network Effect Fallacy
- Prisoner's Dilemma Fallacy
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- Proof of Cost Fallacy
- Proof of Memory Façade
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- Time Preference Fallacy
- Unlendable Money Fallacy
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