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The good set of rules wins because, assuming rational actors, a greater volume of economic value will be transacted with those rules over time, correct?
Yes I'd agree with that
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pull down to refresh
The good set of rules wins because, assuming rational actors, a greater volume of economic value will be transacted with those rules over time, correct?
Yes I'd agree with that
Yes.
If you mean a set of rules can lose or gain value independent of economic activity, I see what you're saying. The good set of rules wins because, assuming rational actors, a greater volume of economic value will be transacted with those rules over time, correct?