a catalyst will cause $DAG to experience coincident supply & demand shocks w/ the resulting price equilibrium sitting on the inelastic part of both curves (see quoted tweet). risk of irreversibility of selling a node adds to supply side inelasticity (most investors priced out)
FOMO point is obvious. but interesting is a unique kind of "double-sided reflexivity". reflexivity theory of @georgesoros states perceptions of market participants feed back into the market reality, which in turn affects perceptions of market participants i.e. feedback loop
e.g., $BTC price goes up which makes more people believe in $BTC which makes its price go up. $BTC price goes down, everyone panics, $BTC prices goes down further. $DAG exhibits a double sided reflexivity due to quantitative floor model, which leads to *compounding* inelasticity
How does this play out? Right now, the game is standard market activity: buyers and sellers of $DAG reaching price equilibrium. the nature of the associated technology is rationally irrelevant. They could be trading $DOGE or $SHIB and their strategy wouldn't change.
The game evolves when market actors experience a catalyst that causes the price to up and stay above a certain threshold, meaning $ value yields go up. they then recognize optimal strategy for both them AND other players is to hold, creating entrenched inelasticity.
it is "double-sided" reflexivity because upon both players' mutual recognition of the optimal strategy, the game-theoretic outcome skews sharply in favor of holding thus compounding the inelasticity and making the strategy even more effective. a reciprocal virtuous cycle.
But until then the game remains standard. the logic of double-sided reflexivity is circular. It therefore requires an external catalyst i.e. a means of getting from 0 to 1, which is a valid independent basis for pricing $DAG above a certain threshold & an actual increase in price
you then have an inflection point where the second derivative of the pricing function changes from concave to convex. $DAG in liquidity pools and ACIs then has a dollar value that can underwrite all activities and assets and provides financial grist to the #Hypergraph's mill.
This will be a "generative effect" (github.com/Constellation-…) not explicable by reference to component parts; it is a hological change; a global qualitative transformation.
“There is nothing in a caterpillar that tells you it’s going to be a butterfly.”― Buckminster R. Fuller
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@Conste11ation $DAG is the most advanced #blockchaintechnology out there. This is not a matter of debate. It's fact. The way it's structured is genius and its potential is mind-blowing. Its new #DeFI exchange @LatticeExchange is just the tip of the iceberg.
Its marketing video states that it's inspired by structures found in nature. This isn't just grandiose rhetoric. @BuckyFuller_ - perhaps America's most neglected genius inventor - also had inventions that were inspired by the natural world
In a fitting tribute to Bucky - and instead of using blocks in a #blockchain - the #hypergraph is built out of #tetrahedrons. The tetrahedron encloses the least volume with the greatest surface area (the sphere encloses the greatest volume with the least surface).