@Meaningness @St_Rev @themattsimpson I think Tlon's model is more like Satoshi Nakamoto's. Nurture growth so their stake appreciates.
-
-
Replying to @othercriteria
@Meaningness@St_Rev @themattsimpson Tlon and CY are sitting on so much address space that selling it soon would be destabilizing.1 reply 0 retweets 0 likes -
Replying to @othercriteria
@othercriteria@St_Rev @themattsimpson Network effects. Every ID you sell increases the value of all the ones you still hold.1 reply 0 retweets 1 like -
Replying to @Meaningness
@Meaningness@St_Rev @themattsimpson But it seems non-obvious if they should sell at price of ε, 1/ε, or what?1 reply 0 retweets 0 likes -
Replying to @othercriteria
@othercriteria@St_Rev @themattsimpson I believe there’s a pretty well-known economic mechanism for price discovery… :-)1 reply 0 retweets 5 likes -
Replying to @Meaningness
@Meaningness@St_Rev @themattsimpson But that mechanism has some edge cases. Dollar auctions are bad for buyers, and ruin sellers' rep too.1 reply 0 retweets 0 likes -
Replying to @othercriteria
@othercriteria@St_Rev @themattsimpson Interesting… I don’t understand… why?1 reply 0 retweets 0 likes -
Replying to @Meaningness
@Meaningness@St_Rev @themattsimpson Point about sellers is speculation. But I think I'd avoid a seller that offers negative EV deals.1 reply 0 retweets 0 likes -
Replying to @othercriteria
@othercriteria@St_Rev @themattsimpson I’m not following… an auction will not result in a negative EV, barring deception, etc.1 reply 0 retweets 0 likes -
Replying to @Meaningness
@Meaningness@St_Rev @themattsimpson Is there a different reading of https://en.wikipedia.org/wiki/Dollar_auction … that you're using?1 reply 0 retweets 0 likes
@othercriteria @St_Rev @themattsimpson Oh! Sorry, I had read about that, but forgotten the term. Thanks for clarification!
-
-
Replying to @Meaningness
@othercriteria@St_Rev @themattsimpson Is there a reason that auctioning IDs would have this characteristic?1 reply 0 retweets 0 likes -
Replying to @Meaningness
@Meaningness@St_Rev @themattsimpson Nope. Nothing solid at least. But network effects introduce a nonstationary/sequential aspect...1 reply 0 retweets 0 likes - 1 more reply
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.