Oddbean new post about | logout
 the bar tab analogy just relates to the temporary nature and the mutual incentives to keep the record straight, otherwise, a whole different thing

both sides use the same tech, it is based on building game move maps that incentivise honesty, and punish dishonesty

of course, dodgy barman could demand an inflated price for the return of your credit card but that's one of the elements of the protocol the model doesn't address