What is a fixed point of the identity combinator I?
+What is a fixed point of the false combinator, KI?
+
It's a theorem of the lambda calculus that every formula has a fixed point. In fact, it will have infinitely many, non-equivalent fixed points. And we don't just know that they exist: for any given formula, we can name many of them.
Yes, even the formula that you're using the define the successor function will have a fixed point. Isn't that weird? Think about how it might be true.
L L L L L L L L L L L L L L L L L L L L L L L L L L
+##Watching Y in action##
+
+For those of you who like to watch ultra slow-mo movies of bullets
+piercing apples, here's a stepwise computation of the application of a
+recursive function. We'll use a function `sink`, which takes one
+argument. If the argument is boolean true (i.e., `\x y.x`), it
+returns itself (a copy of `sink`); if the argument is boolean false,
+it returns I. That is, we want the following behavior:
+
+ sink false ~~> I
+ sink true false ~~> I
+ sink true true false ~~> I
+ sink true true true false ~~> I
+
+So we make sink = Y (\fb.bfI):
+
+ 1. sink false
+ 2. Y (\fb.bfI) false
+ 3. (\f. (\h. f (h h)) (\h. f (h h))) (\fb.bfI) false
+ 4. (\h. [\fb.bfI] (h h)) (\h. [\fb.bfI] (h h)) false
+ 5. [\fb.bfI] ((\h. [\fb.bsI] (h h))(\h. [\fb.bsI] (h h))) false
+ 6. (\b.b[(\h. [\fb.bsI] (h h))(\h. [\fb.bsI] (h h))]I) false
+ 7. false [(\h. [\fb.bsI] (h h))(\h. [\fb.bsI] (h h))] I
+ --------------------------------------------
+ 8. I
+
+So far so good. The crucial thing to note is that as long as we
+always reduce the outermost redex first, we never have to get around
+to computing the underlined redex: because `false` ignores its first
+argument, we can throw it away unreduced.
+
+Now we try the next most complex example:
+
+ 1. sink true false
+ 2. Y (\fb.bfI) true false
+ 3. (\f. (\h. f (h h)) (\h. f (h h))) (\fb.bfI) true false
+ 4. (\h. [\fb.bfI] (h h)) (\h. [\fb.bfI] (h h)) true false
+ 5. [\fb.bfI] ((\h. [\fb.bsI] (h h))(\h. [\fb.bsI] (h h))) true false
+ 6. (\b.b[(\h. [\fb.bsI] (h h))(\h. [\fb.bsI] (h h))]I) true false
+ 7. true [(\h. [\fb.bsI] (h h))(\h. [\fb.bsI] (h h))] I false
+ 8. [(\h. [\fb.bsI] (h h))(\h. [\fb.bsI] (h h))] false
+
+We've now arrived at line (4) of the first computation, so the result
+is again I.
+
+You should be able to see that `sink` will consume as many `true`s as
+we throw at it, then turn into the identity function after it
+encounters the first `false`.
+
+The key to the recursion is that, thanks to Y, the definition of
+`sink` contains within it the ability to fully regenerate itself as
+many times as is necessary. The key to *ending* the recursion is that
+the behavior of `sink` is sensitive to the nature of the input: if the
+input is the magic function `false`, the self-regeneration machinery
+will be discarded, and the recursion will stop.
+