视频：Introduction to Foundations of Cryptoeconomic Systems – Shermin Voshmgir and Michael Zargham
Introduction to Foundations of Cryptoeconomic Systems - Shermin Voshmgir and Michael Zargham
- Background of Shermin and Michael
- Shermin
- Shermin started a tumblr, sharing her learning process of Blockchain, later turn into a think tank learning institution in berlin, and later the research institute for crypto economics. She sees the potential of resolving a lot of economic and social challenges.
- blockchain is the building block, but it’s the crypto economics behind the networks is the game changer
- co-author the paper with Michael
- Michael
- studied civil environmental engineering: technical and social systems interplay, and then move into robotic: multi-agent system and algorithms for coordinating the activities of multiple agents, design the system for the goals wanted to achieve
- work in the policy side of blockchain building
- met Shermin in 2019, both want to study complex socio-technical system, emerge from the synthesis of the technological affordances, and human behavior within and around those affordances.
- passionate about the same issue, from different background.
- 9:40 Complex system
- why is complex system relevant for cryptonomics?
- something being greater than the sum of its parts
- can’t reduce it to a simple rule
- simple parts interacting will with each other will induce unexpected consequences
- when combining all the simple stuff does not result in an obvious or simple outcome
- Shermin: it’s easy to understand each separate defi money lego, decentralized lending, decentralized exchange, but then they interact with each other
- Michale: composability is a double-edged sword. Standards like ERC20 721 1155 make it easy to build thing on top of each other, when they interconnected, it’s not gonna behave simply. Especially when it’s open and permissionless, there will be complex compounding interaction effects.
- Can’t have both. It’s the loss of simplicity that comes with this open-ended composability.
- 15:30 Multi-scale perspective
- Micro
- an agent looking at their immediate incentives and taking decision
- Meso
- institutional economic scale is about the community taking a decision about policy making. e.g. allocating funding for community members. With group dynamics
- affected by macro: making the policy to make the macro numbers change in the way we want
- Macro
- zoom out see a set of number
- macro policy = how we want the number changes
- Shermin: earlier years, the narratives are all about getting rid of institutions, the middle man, when blockchain network itself is the new institution: agents, policy.
- who decide what goes into the code is a new type of politics
- in protocols, in daos, there’re still groups of people want to go in different directions; there’re power structures
- Michael: that’s why token engineering is important. Need to assess if the code is performing the way we want, and make updates
- 24:37 crypto economic systems as new institutions, what role does the token play? Why define tokens are atomic units of system state?
- this collectively managed ledger manages the state of all tokens, tokens are the values, rights, and interactions that flow. Now we can measure the flows and patterns
- we have a new type of real-time data-driven economic system. Our current economic systems don’t work with real-time data. current system still in a steering system. Now we can do new types of economic modeling
- Michael: control theory: closed feedback loop
- around 33:00 Shermin use an example of farm system as an applied version of crypto system
- 34:55 it’s been 3 years since the paper, what changed?
- the industry starts to hire economists and political scientists, but not enough
- Michael: verification and validation; verification: did I implement it correctly?; validation: did I implement the correct thing?
- around 42:30 what should students keep in mind?
- acknowledging complexity
- don’t neglect the existing system prior to your intervention
论文：Foundations of Cryptoeconomic Systems
Foundations of Cryptoeconomic Systems
- Introduction
- definition: Cryptoeconomics is an emerging field of economic coordination games in cryptographically secured peer-to-peer networks.
- This paper explores why the term “cryptoeconomics” is context dependent and proposes complementary micro, meso and macro definitions of the term.
- Complex system perspective
- Complex systems theory investigates the relationships between system parts with the system’s collective behaviors and the system’s environment.
- Complex systems differ from other systems, in that the system behaviour cannot be easily inferred from the state changes induced by network actors
- Complex systems research draws contributions from various scientific domains:
Emergence refers to the arising of novel and coherent structures, patterns and properties during the process of self organization in complex systems.
- Network Science perspective
- A cryptoeconomic system is a kind of complex system that can be represented by interacting components that collectively form a network. Informally, a network is a group or system of interconnected people or things.
- A cryptoeconomic network consists of three interconnected networks: (i) the computation and communication network comprised of nodes that leverage a peer-to-peer protocol to validate transactions by mining new blocks, (ii) the financial network comprised of Bitcoin addresses which may sign transactions and transfer funds, and the (iii) the off-chain socioeconomic network representing people and organizations that control the tokens in the financial network and operate those nodes in the computation and communication network.
