The biggest point of Bitcoin is still held to Nassim's "Lindy effect". It's simply too early. It will most likely be replaced with another technology.
Compare soviet system to modern mixed economy. You think you can centrally tell everyone what prices they should take? Good luck bb
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You mistake robustness for efficiency. The Soviet Union achieved very fast economic development and became Super Power after a devastating war. All these thanks to centralized planning which is very efficient, but also very fragile. This is the tradeoff.
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You are not counting survival as efficiency. Is it efficient to die? Over the long run it’s more efficient to survive right?
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Companies rarely die, they just go bankrupt and sold to more efficient competitors. While every company is centralized, the market as a whole is decentralized. Making particular company decentralized is a huge cost, basically for nothing.
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We are all entitled to our opinions and thoughts. I disagree with most of this statement and don't want to go back and forth. So I am going to gracefully bow out. Thank you.
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Same, could talk for a while about how m&a rarely produces better companies, death of companies being replaced by better ones, etc. look at forest not trees etc. not worth my time.
End of conversation
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