# @horsefacts: iterated reciprocity & the social dynamics of crypto interactions

Source: https://warpcast.com/horsefacts.eth/0x21b95a24

## Summary

The author observes iterated reciprocity, a pattern of giving and getting back that repeats, in two crypto settings: collecting on @rodeodotclub and receiving rewards back before collecting again, and sending tips, receiving tips back, and tipping again. The post says watching a balance drop and return is satisfying, but argues that such exchanges are less common than they should be, since many crypto exchanges are one-way, impersonal, or zero-sum. The author also guesses that the appeal of iterated reciprocity may stem from it being the evolutionary basis of human social coordination.

## Article

something feels very warm and fuzzy about iterated reciprocity. (probably because it's the evolutionary basis of all human social coordination, but just guessing)

two places I've observed it recently:
1) collecting on @rodeodotclub, getting rewards back, collecting again
2) sending out tips, getting tips back, tipping again

watching a balance go down and right back up again is very satisfying. but it's less common than it should be: many crypto exchanges are one way, impersonal, or zero sum!