@hoangstephen
Day 5 with Siggy Teacher :
Market Makers Instead of User Bidding
Traditional gas markets ask users to bid. Whoever pays more gets priority.
That’s bad UX, and it puts the burden of price discovery on the least informed participants.
Ritual flips this.
Instead of forcing users and nodes to bid directly, the system introduces a new class of actors: compute market-makers.
These market-makers are sophisticated participants that:
*Propose allocations how to route requests to nodes given all constraints.
*Design pricing schemes what each user should pay and each node should receive.
*Commit to tolerance ranges how much they’re willing to adjust prices up or down while still staying profitable.
The protocol doesn’t try to “out-think” them. It simply runs a meta level rule to select the best proposal among competing market makers, based on clear improvement criteria.
From the user’s perspective, this complexity disappears.
They see fixed, transparent prices for the compute services they want.
7 replies
1 recast
13 reactions