Jevon's paradox for Coasean economy: when transaction costs go down, demand for low-trust transactions goes up, leading to net ≥ tx friction
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Replying to @vgr
Whenever I manage to translate these tweets out of Tamarian, they're pure gold.
1 reply 0 retweets 2 likes
Replying to @polyparadigm
"The economy, when transaction costs fell", "Coase and Jevons at ethereum"
8:07 AM - 13 Jun 2017
0 replies
0 retweets
3 likes
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