Both are more or less scams. They made promises that cannot be fulfilled. Especially Iota.
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Replying to @PublicSphere2 @Ahimsa_Satya_ and
Decentralization is the opposite of efficiency. By definition, a decentralized application is less efficient than a centralized one, thus cannot compete. Sorry. The only justification for decentralization is censorship resistance.
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Replying to @vega113t @PublicSphere2 and
Certainly not true. You do not understand complex systems.
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Replying to @Ahimsa_Satya_ @PublicSphere2 and
Ok, go ahead and give some examples where a decentralized system is more efficient than a centralized one. Efficient - in the sense uses less energy, cheaper to produce etc..
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Replying to @vega113t @PublicSphere2 and
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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Replying to @Ahimsa_Satya_ @PublicSphere2 and
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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Replying to @vega113t @PublicSphere2 and
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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Replying to @Ahimsa_Satya_ @PublicSphere2 and
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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Replying to @vega113t @Ahimsa_Satya_ and
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.
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