Cryptocurrencies are complicated.
I know, I know. Some guy on YouTube told you to “hodl” and everything will be just fine. And people who disagree with you are “shitcoiners.”
Yet the hard truth remains. Cryptocurrencies are delicately balanced systems of competing and mutually supporting incentives, weaving in producers, supplies, traders, market makers, monetary theory, human governance, freedom, anonymity, and an impressively deep array of literature and meme-craft.
This doesn’t stop people from assuming the impossible: [Read more…] about Theory vs Practice: Empiricism and the Uncomfortable Return of Objective Reality