Theo Diamandis (tjd)

The true convex optimizers use concave utility functions

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Simple blockspace pricing mechanisms are a good idea! In a new paper, @gaa, @ciamac, and I show that simple pricing rules are optimal against worst-case adversaries.

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Simple blockspace pricing mechanisms are a good idea! In a new paper, @gaa, @ciamac, and I show that simple pricing rules are optimal against worst-case adversaries.

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Wondering the same thing tbh

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In previous work (also with @pinged, @alexevans) we show that most pricing rules, including EIP-1559, are implicitly solving an optimization problem.

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Convex optimization has concave gains; the losses are convex. Maximizing concave gains is associated with serious side effects and is not recommended by most medical professionals

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