Super interesting, thank you, Steph!
Regarding the point you made at the end of your video, I didn’t quite get what introducing such hierarchy of money would mean for an individual participating in such a monetary system. Could you give a practical example? Also, could you elaborate a little on where the ergodicity question fits into this discussion?
What prevents a blockchain from getting “clogged up” if a large fluctuation in the waiting time for the discovery of the next block happens to coincide with a period of large transaction volume?
I would also be interested to hear a little more on why you think spaces of rules in the Wolfram sense are related to blockchain dynamics. There are of course rules that seemingly generate randomness (Rule 30?) but it seems like it should be a very hard problem to find a rule a-priori which relates to any particular random system like a blockchain.
Super interesting, thank you, Steph!
Regarding the point you made at the end of your video, I didn’t quite get what introducing such hierarchy of money would mean for an individual participating in such a monetary system. Could you give a practical example? Also, could you elaborate a little on where the ergodicity question fits into this discussion?
What prevents a blockchain from getting “clogged up” if a large fluctuation in the waiting time for the discovery of the next block happens to coincide with a period of large transaction volume?
I would also be interested to hear a little more on why you think spaces of rules in the Wolfram sense are related to blockchain dynamics. There are of course rules that seemingly generate randomness (Rule 30?) but it seems like it should be a very hard problem to find a rule a-priori which relates to any particular random system like a blockchain.