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Deborah Gordon on Ant Colonies as Distributed Computers

COMPLEXITY

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Is There a Good Idea to Lower Transaction Fees in Cryptocurrencies?

Jay Dwayne Farmer's research shows that this kind of behavior draws markets into chaotic behavior. So it doesn't seem as though making the barrier to entry with trading as low as possible is a great idea. It's a good idea for the people who profit off the chaos, but not everybody else.

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