Re:“In 2018 the blockchain/decentralization story fell apart”
by majewsky on Tuesday January 01, 2019 @07:50PM
(#18803408)
> Economic systems are rather like cellular automata. They either splutter around for a while and die out, or they take over the board and assimilate everything.
This metaphor is amazing. I wanted to reply that cellular automata can in fact produce highly-localized, stable systems (like glider cannons in Conway's GoL). Then I realized that while those systems are stable, they are also so brittle that a single flipped bit will destroy them incredibly fast. That sounds a lot like economics.
This metaphor is amazing. I wanted to reply that cellular automata can in fact produce highly-localized, stable systems (like glider cannons in Conway's GoL). Then I realized that while those systems are stable, they are also so brittle that a single flipped bit will destroy them incredibly fast. That sounds a lot like economics.