Lau on Nostr: #Bitcoin as monetary coordination has the structure of what economists call a ...
#Bitcoin as monetary coordination has the structure of what economists call a coordination game with multiple equilibria, where one equilibrium universal adoption of a hardest-money standard is Pareto-superior, but is only reached once enough players independently converge toward it. Schelling’s point: without communication, people pick the salient focal point. Bitcoin’s salience grows with every cycle.
Published at
2026-05-20 17:46:49 UTCEvent JSON
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"content": "#Bitcoin as monetary coordination has the structure of what economists call a coordination game with multiple equilibria, where one equilibrium universal adoption of a hardest-money standard is Pareto-superior, but is only reached once enough players independently converge toward it. Schelling’s point: without communication, people pick the salient focal point. Bitcoin’s salience grows with every cycle.",
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