There's two types of efficiency. One is just strictly price efficiency, right? That's more like clearing price. You can actually in some cases show there doesn't exist any market clearing prices depending on how the market's structured. And even if there does exist one, can you find it quickly or can anyone find it quickly? So, it's the risk efficiency is kind of the easiest one but it's obviously missing a lot of clearing aspects. But then yeah, equilibrium finding equilibrium existence is easier than equilibrium finding.That's the hardest part actually. Chris’s talk in New York had this example of this like fixed point iteration finding intent. He thought it was a good example though
This week, host Anna Rose and co-host Tarun Chitra catch up with Chris Goes from Heliax, the team behind Anoma and Namada. They start with a quick retrospective about IBC, a project he formerly worked on, and how the protocol has evolved since it launched.
They dive into the concept of 'intents', exploring their origin, evolution, and discuss the intent-based systems that exist today. As well, they chat about the architectures enabled by a generalized intent-based infrastructure, the potential impacts on user experience, and the inherent trade-offs, particularly when zero-knowledge or privacy aspects are added to the mix.
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