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Jubilee: Meta-protocols against Entrenchment

TalkMike Travers
Jubilee: Meta-protocols against Entrenchment

Mike Travers traces the Biblical Jubilee and ancient Mesopotamian debt-cancellation traditions (drawing on Michael Hudson's research) as early 'meta-protocols' designed to periodically reverse the entrenchment effects of economic systems, examining patches like the prosbul that undermined these resets. He then generalizes this into a framework for forgiveness in protocol design, covering dimensions like timing, coverage, and depth of forgiveness events, and drawing parallels to game-theoretic forgiving strategies, exception handling in programming, and the tension between protocol 'hardness' and 'softness'.

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