Ravioli and the Cost of Fairness

Ravioli started as a thought experiment: what if prediction markets rewarded reasoning, not just correctness?

That question exploded into math pretty quickly. Hybrid CLOB and AMM mechanics. Bounded exposure. Credit inflation modeling. Abuse cases. Edge cases. Adversarial users who will find every hole you leave open.

The deeper I go, the clearer something becomes. Fairness is not a feature. It's infrastructure. Every system leaks somewhere. If I ignore one exploit path, someone finds it. If I underestimate incentives, someone arbitrages it. Markets are ruthless teachers.

The lesson isn't that fairness is impossible. It's that it requires constant pressure testing. A clean whiteboard idea survives about five minutes in the real world. After that, it either adapts or dies.

That's what Ravioli is teaching me every day.