Ceteris Paribus

Ceteris Paribus

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Prediction markets can't agree on the truth
Why I think the prediction market landscape will be fragmented
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michaellwy
Can horizontal scaling get us closer to AGI?
Lossiness in LLM seems to be fundamental: no single model can memorize the entire internet with perfect precision. Making a model larger improves…
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michaellwy
What MonadBFT means for developers and users (pt.2)
In Part 1, we examined how classic PBFT consensus works and how earlier versions of HotStuff operate.
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michaellwy
2
The What, Why and How of MonadBFT (pt. 1)
Blockchain enforces strict global consensus, which means everyone running the network, anywhere in the world, agrees on the same set of objective…
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michaellwy
Can Kaito 'Yaps' avoid the curse of Goodhart’s law?
"When a measure becomes a target, it ceases to be a good measure" - Charles Goodhart
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michaellwy
‘Wisdom of crowds’ or ‘collective delusion’: when prediction markets fail
Prediction markets are having their moment.
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michaellwy
#55 - Why Crypto Matters: Control, Liberation, Expansion
Rethinking crypto as an institutional innovation driving trust, reducing costs, and shaping new forms of economic coordination
Published on Stanford Blockchain Review • 
M^0 = 1 = Singleness | Making interoperable dollar onchain
I was excited to learn that Luca Prosperi, the author of Dirt Roads — a blog I greatly admire — is working on a new project called M^ZERO Protocol…
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michaellwy
Will stablecoins become the largest holders of US treasuries?
Two weeks ago Fred Erhsam posted the question “Will stablecoins become the largest holders of US treasuries?” on Farcaster through Bountycaster. I’m…
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michaellwy
Axelar - The dark horse of the interchain race
Why is Axelar best positioned to capture value in a modular interoperability stack, and how can the Axelar Virtual Machine unlock an interchain future?
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michaellwy
Winning the wallet war: 3 essential frameworks for builders and investors
As the competition heats up, which web3 wallet stands tall? Three frameworks to assess the landscape.
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michaellwy
#13 - Ambition Made to Counteract Ambition: DAO Governance and Bicameralism
Lido's dual governance proposal and what DAOs can learn from constitutional engineering. Volume 2, Article No. 3.
Published on Stanford Blockchain Review • 
No, Bitcoin is not "outside money"
A short note discussing what 'inside and outside' money actually mean.
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michaellwy
Every crypto trilemma - 10 unsolved triangles in blockchain and web3
Here are 10 triangles to tease your brain. A list of every trilemma I have come across related to blockchain, web3 and finance.
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michaellwy
Ceteris Paribus
Ceteris Paribus
Musings at the intersection of crypto, econ and policy.

Ceteris Paribus

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