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econ.TH2025
An Ambiguous State Machine
Matt Stephenson
We show that a replicated state machine (such as a blockchain protocol) can retain liveness in a strategic setting even while facing substantial ambiguity over certain events. This…
econ.TH2025
NDAI Agreements
Matthew Stephenson, Andrew Miller, Xyn Sun +2
We study a fundamental challenge in the economics of innovation: an inventor must reveal details of a new idea to secure compensation or funding, yet such disclosure risks expropri…