Holonic Horizons
Governance Beyond Game Theory
Game theory has become the default language of Web3. If a protocol has a clever payoff matrix, a Schelling point, and a whitepaper full of equilibria, it is often assumed to be "well-governed." In a previous essay, "Game Theory Assumptions That Hurt Web3", I went through the standard assumptions one by one—rational actors, static games, perfect information, no coalitions, and so on—and showed how they fail in real networks: https://paragraph.com/@holonic-horizons/game-theory-assumptions-that-...