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@Undisciplined gave a great explanation of what sets SN apart yesterday:
I guess the SN incentives are way more sophisticated than any of us can grasp.
TLDR: @k00b
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I'm not just blowing smoke up your ass (as NY ginzos sometimes say). This was the best explanation I have seen of the special sauce that makes this place great. It should be pinned somewhere.
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I would guess that I've spent more time thinking about the SN mechanisms than anyone except for @k00b and @ek.
I really love these kinds of systems and this one is a thing of beauty.
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For some reason I expect more bitcoiners to appreciate the primacy of incentives, but it appears to require an economist :)
I'm especially surprised by how few technical bitcoiners appreciate incentives. Judging based on appearances, technical bitcoiners seem to think wire protocols, cryptography, and goodwill are what make bitcoin tick. Even the most naive non-technical bitcoiners are more sophisticated in this regard, eg infinity/21m and PoW.
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