kaal:claim:3782220-004

Transcendental values are necessary for long-term stability because every formal, explicitly specified protocol is permanently exposed to strategies that subvert it, a result the authors draw from the Folk Theorems of game theory.

By the insights gleaned from the Folk Theo- rems of Game Theory, transcendental values are necessary to maintain long-term sta- bility in the face of ever-present strategies for subverting any formal, explicitly-speci- fied protocol.

Craig Calcaterra, Wulf A. Kaal, The Importance of Transcendental Unifying Values for Decentralization (2021), Chapter: Transcendental Unifying Values, p. 2
https://ssrn.com/abstract=3782220 · source PDF

Craig Calcaterra, Wulf A. Kaal, The Importance of Transcendental Unifying Values for Decentralization (2021). SSRN: https://ssrn.com/abstract=3782220

• long-term stability
• formally specified protocols

conditionsupport: arguedeconomics

• extends kaal:claim:3402701-011 The Folk Theorems of game theory imply that no matter how complicated a stable coin protocol becomes, a powerf...
• extends kaal:claim:3782192-017 The Folk Theorems of game theory prove that any rules that can be formally set down can be subverted: strategi...
• extends kaal:claim:3406323-040 For any static set of rules in an infinitely repeated game using reputation stakes there is a way to subvert t...
• extends kaal:claim:3782193-011 No set of written rules can be made complete: the Folk Theorems demonstrate that however rules are written, st...

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