AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Root Problem With Trust-Based Agreements
In the Software I talked about pre-mortal economics this started with your conversation but I finally put an equation to it every resource has a benefit to attack. Everything has a cost of attacking or cost of being attacked so like the way deterrence works is Will let's adopt a common belief system That's your laptop if we just you know if we just settle it there then there's no cost of attacking your laptop. There's no marginal cost of attacking as long as we have this a group of belief system. But laws and our common belief systems are demonstrably ineffective at securing our property rights alone Over and over and over trust based for 5,000 years these trust-based belief systems that we