Nostrato: How relational contracts on NOSTR might underpin the foundations of most economic trade in the real world
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Prelude & tl;dr: Though bitcoin is itself trustless, any and all economic activity that is tied to the real world has an element of trust and uncertainty for there is no such thing as an atomic exchange with physical objects, including software services rendered from someone else’s computer. The premise of this essay is that Relational Contract theory in economics indicates a game-theoretically stable way to establish and quantify trust with Nostr. As I argued in a previous post (
Nostrato: How relational contracts on NOSTR might underpin the foundations of most economic trade in the real world
Nostrato: How relational contracts on NOSTR…
Nostrato: How relational contracts on NOSTR might underpin the foundations of most economic trade in the real world
Prelude & tl;dr: Though bitcoin is itself trustless, any and all economic activity that is tied to the real world has an element of trust and uncertainty for there is no such thing as an atomic exchange with physical objects, including software services rendered from someone else’s computer. The premise of this essay is that Relational Contract theory in economics indicates a game-theoretically stable way to establish and quantify trust with Nostr. As I argued in a previous post (