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📝 Add notes on collusion and cryptoeconomics
Add Vitalik's insights on collusion as the dark side of coordination, including detection challenges, countermeasures, and examples. Also add definition of cryptoeconomics in Decentralized Protocols.
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Coordination.md
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Coordination.md
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- A way to coordinate without trust is relying on [[Blockchain]] and [[Cryptocurrencies]].
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- Coordinating is better than who takes the resources. The more you can coordinate, the more resources you can take ([Paretotopia](https://youtu.be/1lqBra8r468)). Keep this in mind when making decisions and negotiating.
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- [Ability to coordinate](https://thecompendium.cards/c/coordination-as-form-of-power) is a form of power.
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- [Collusion](https://vitalik.eth.limo/general/2019/04/03/collusion.html) is the dark side of coordination, where a subset of people coordinate against the interests of a broader group.
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- Cannot be detected by looking at actions alone, as the same actions can be legitimate or collusive depending on context and intentions.
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- Requires specific countermeasures like deliberate decentralization, skin-in-the-game mechanisms, and fostering counter-coordination (e.g., forking in blockchain systems).
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- Examples include price fixing between sellers, vote buying, and 51% attacks on blockchains.
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- Explore [Cooperative Governance](https://nadia.xyz/voting) ideas. It offers an elegant compromise between on-chain and off-chain governance: you have a failure outcome that's enforced and "real", but the process of consensus remains firmly in the hands of people.
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Decentralized Protocols.md
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Decentralized Protocols.md
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- Open source and publicly verifiable execution.
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- Keep it simple.
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- Don't change it too often.
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- Cryptoeconomics is about trying to reduce social trust assumptions by creating systems where we introduce explicit economic incentives for good behavior and economic penalties for bad behavior.
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## Types of Decentralization
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