Re: [cryptography] Crypto-economics metadiscussion
On 14/06/11 2:31 AM, Marsh Ray wrote: I 'aint no self-appointed moderator of this list and I do find the subject of economics terribly interesting, but maybe it would make sense to willfully confine the scope of our discussion of Bitcoin and other virtual currencies to the crypto side of it. Crypto people spend all their lives learning theoretical crypto in groups like this. Then they go and apply their theoretical crypto out in the real world, and it bombs. Or worse: http://forum.bitcoin.org/index.php?topic=16457.0 In contrast, economists spend all their lives learning theoretical econ in other places. Then they go and apply their theoretical econ in the real world, and it bombs. (Que in links to IMF, WB, etc.) Everything that the econ people say is true, but they ain't gonna build it. Everything that the crypto people say is true, but people ain't gonna use it. How might there be a place where the knowledge can pass back and forth? Back in the halcyon days of DigiCash, Zooko and I used to run an informal thing called the Weber Economics Club. Us digital cash people would collect every Friday night in a cafe called the Weber, and there we'd spend about an hour or two talking through some particular economics concept. And especially how it applied to our world of digital cash. We were very aware that economics was key to our designs, then. I'm not saying this group can do that. But, to the extent that the ecogniscenti can influence the crypto people, something of value might come out. To the extent that the cryptoplumbers can build something of economic stability, some good might come out. On the other hand, talking just pure theory is fun too :) iang PS: I agree that talk about the housing crisis belongs elsewhere. ___ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
Re: [cryptography] Crypto-economics metadiscussion
On 15/06/11 12:47 AM, Ian G wrote: Or worse: http://forum.bitcoin.org/index.php?topic=16457.0 That link is down, no surprise. From my cached copy, I wrote it up on the blog: http://financialcryptography.com/mt/archives/001327.html Far too much from me, signing out... iang. ___ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
Re: [cryptography] Crypto-economics metadiscussion
On 2011-06-14 2:31 AM, Marsh Ray wrote: I 'aint no self-appointed moderator of this list and I do find the subject of economics terribly interesting, but maybe it would make sense to willfully confine the scope of our discussion of Bitcoin and other virtual currencies to the crypto side of it. The crypto side of it necessarily includes what crypto is doing, and what it should do, what crypto can be sold. The discussion of bitcoin was Why bitcoin Well, obviously, bitcoin is succeeding because the financial crisis has caused loss of trust in government approved and regulated solutions. That the financial crisis was caused by bad behavior that justified this loss of trust is controversial, and apt to result in off topic discussion. ___ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
Re: [cryptography] Crypto-economics metadiscussion
Well, obviously, bitcoin is succeeding because the financial crisis has caused loss of trust in government approved and regulated solutions. Obviously? I do not think this word means what you think it means. --Steve Bellovin, https://www.cs.columbia.edu/~smb ___ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
Re: [cryptography] Crypto-economics metadiscussion
Marsh Ray ma...@extendedsubset.com writes: I 'aint no self-appointed moderator of this list and I do find the subject of economics terribly interesting, but maybe it would make sense to willfully confine the scope of our discussion of Bitcoin and other virtual currencies to the crypto side of it. Absolutely. We need a virtual Perry. Peter. ___ cryptography mailing list cryptography@randombit.net http://lists.randombit.net/mailman/listinfo/cryptography
