Cast by darrylyeo

farcaster1d

$1024 IN PRIZES FOR VIDEOS ON TIEBOUT SORTING New Farcaster prize just dropped! We have a series of new prizes teed up on important ideas you should be familiar with; think of this as an interactive book club. First big idea: Tiebout sorting. Everyone in crypto should know the work of Charles Tiebout. In 1956, he published a short paper called "A Pure Theory of Local Expenditures" that provided mathematical rigor behind the idea of voting with your feet. His core idea was that *if* there were many small jurisdictions, each offering a different bundle of fees and services, then residents would move to the one that fits them best. Under certain assumptions, competition between places would then do for public goods what markets do for private goods. And now the Internet is making all of Tiebout's assumptions — high mobility, excellent search engines, many communities, digital subscription-based services, and so on — come true. However, while academics do cite the idea of Tiebout sorting, the work is not as well known as it should be among the general public. Perhaps you can fix that. YOUR TASK Make a 59 second (or less) vertical video with a 9:16 aspect ratio on Tiebout sorting. Assume your viewer has absolutely no context and is starting cold. Talk to them in concrete terms anyone can understand to explain the idea of Tiebout sorting. Feel free to use AI, but please don't make it look or sound like AI slop :) We'll give $512 for first place and $128 each for up to four runners-up, subject to whether there are enough good submissions. Winners are paid in USDC to their public Farcaster wallet addresses by default. To enter, reply to this post with your vertical video. This prize runs for three days exactly from this post's timestamp. Go read the original paper by Tiebout here[1] and then the various popularizations[2]. Use AI to learn about it too. Then reply to this post with your video. The best will earn a prize! [1]: https://fbaum.unc.edu/teaching/PLSC541_Fall08/tiebout_1956.pdf [2]: