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That's assuming validators are economically rational actors and that external incentives don't outweigh enclosed ones.
by Legogris 4y ago
That's assuming validators are economically rational actors and that external incentives don't outweigh enclosed ones.
- affinepplan 4y ago> and that external incentives don't outweigh enclosed ones. I think this is actually the most commonly overlooked assumption. The protocol seems very robust, *assuming* perfect information (aka all incentives are known to the system). I encountered this problem a few years back when trying to design a protocol for a decentralized prediction market. It's very hard to account for hedges or huge bets on other markets.