
CTO @ System 9, building the future of high frequency market making in crypto.
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I see where you’re coming from, but imo it’s an oversimplification. If human space was irrelevant , why would we care about security budgets ? How would we model and think about actor (network user) behavior? My contention is that humans and many of the tools they build are inherently interlinked and adaptive.
If there was just one human to turn it on, what would be the point of the network without other self interested actors changing the system state ? The fundamental mechanism is just the rules of the game / environment. In order to have utility, the network still requires actors to affect the network state.
I wonder how much of this is from players optimizing vs finding optimal play style with data. This reminds me of seeing the before and after of how a human and an AI plays a game.