governed

If you think the world is not governed by arbitrage, please tell me what governs the world.

A useful way to think about it for me coming from imperative/OOP programming was that a Monad is like a well behaved (governed by laws) interface.

Staying in the same category or switching to another is governed by a very simple transition probabilities matrix.

The additional cost of trying to live in a city (Detroit, Baltimore,...) that is poorly governed is quite high.

Ethereum is primarily designed for implementing logically governed contracts between entities that need to exchange value.

Most suburbs haven't had the time to become as poorly governed as the cities, so associated costs tend to be lower.

Aren't labor relations primarily governed by federal and state law rather than by individual cities?

The laws are created and managed by people put into power by the governed.

That's the disadvantage of storing your personal value inside a central governed banking system.

Hate is not governed by the laws of thermodynamics, there is enough warranted hate in the universe for them all, and then some.

If it delivers on the technology, Ethereum will eventually enable the elimination of everything in the world governed by legal and monetary contracts.

I don't think we're actually governed by those people, they're just a front for the eternal bureaucrats.

What I think happens a lot is that people use "the Internet is different" as a sort of short-hand for the idea that the Internet should be governed by different underlying principles.

"All else being equal, the fastest company in any market will win." What's being said isn't necessarily wrong - but it's a moot statement; all else being equal, the best governed company in any market will win.