Saved by Timothy Shih and
Ethereum is a Dark Forest - Paradigm
Moreover, in web3, users realistically cannot audit every smart contract, so the burden of ensuring that an app is secure and trustworthy on behalf of your users is higher in web3 given what is at stake in each interaction.
Jason Shah • A product manager’s guide to web3
Within the narrow context of a token’s home protocol, supply and demand for the token will — for a well-designed system — reflect supply and demand for the protocol’s services and functionality. But no token lives within a quiet walled garden. Rather, every token lives in the noisy Forest.
DAOs, Tokens, and Goodhart's Forest
Front-running is a predatory market behavior that arises due to information asymmetries created by different actors accessing privileged information. Front-running is one of the ways to access MEV, and selling clients' orders is equivalent to the public Ethereum mempool.
Gonzalo Hirsch • Enter the MEV Void: the Rise of Flashbots
I'm generally in the first camp; I am concerned about the prospect of both the West and China settling into a kind of low-growth conservatism, I love how imperfect coordination between nation states limits the enforceability of things like global copyright law, and I'm concerned about the possibility that, with future surveillance technology, the w... See more
Vitalik Buterin • What do I think about network states?
“The universe is a dark forest. Every civilization is an armed hunter stalking through the trees like a ghost, gently pushing aside branches that block the path and trying to tread without sound. Even breathing is done with care. The hunter has to be careful, because everywhere in the forest are stealthy hunters like him. If he finds other life—ano
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