abm1559 VS web3

First off, I want to say that the notebooks (find them here) do not aim to show exact numbers. They are based on transactions generated with somewhat random values, with scales that roughly correspond to the orders of magnitude we are used to discuss with (namely, Gwei) to make the read easier. The point is to discuss results pertaining to the microeconomic incentives of users: how should they bid (the strategic user notebook), what other systems exist (the floating escalator for instance) and how the transition would unfold. This is largely independent of the exact values that basefee will take, or the amount burned, or how much miners receive. It was not my intention to give an answer to these questions, because it involves a different set of skills.

I'd like to thank Rufus Pollock from the Life Itself project for prompting me to think about the nature of Ponzi schemes and investment fraud. If you haven't checked it out, please do, it's a great resource for understanding the false claims made by the crypto industry and web3.

For anyone who is genuinely interested in criticisms against BTC and crypto, this GitHub page provides a detailed list with descriptions and links to crypto critiques: https://github.com/life-itself/web3

Life Itself - Web3: https://github.com/life-itself/web3 This project aggregates a number of different criticisms on Cryptocurrencies, blockchain, and web3.

This is a collaborative project documenting the crypto and web3 with academic sources and citations, the link to contribute is below:

https://github.com/life-itself/web3

Collection of web3 resources