Theory for Cryptoeconomics Mechanisms

Hey,

Have anyone seen this paper?

It seems to be a very good advancement in formalizing theory in cryptoeconomic mechanisms and distributed computation.

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Hi,

Read it before CES’20 at MIT and went to their talk there. Some of the notes I took at the time in case anyone finds them useful:

  • The paper surveys literature on game theoretic models applied to fields of mechanism design, cryptography, distributed systems.
  • It provides fairly rigorous definitions of game theoretic notions useful for study of incentives in protocols.
  • It stresses importance of analysing robustness of a protocol not just by considering its’ internal rules, but also the external environment and types of agents likely to interact with it.
  • A large part of it is devoted to the study of incentive schemes - something that might be useful in the fine-tuning phase of protocol development.
  • It contains references to well-established papers from the fields mentioned above - so it might be worth checking them out if anyone considers applying any of the tools outlined by the authors.
  • It includes a section on analysis of Bitcoin and a few other protocols with the methods outlined in the preceding sections - though the analysis is quite superficial and doesn’t contain any detailed modelling.

Review summary from conference organisers: https://cryptoeconomicsystems.pubpub.org/pub/ml84muxq/

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