Here's an expansion of the decreasing mutual knowledge leg: http://www.kysq.org/docs/Hayek_45.pdf …
Moral failings and ignorance increase with social scale. But so do benefits from division of labor. Go trade but be careful out there.
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In more politically incorrect terms : the more people the more idiots.
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I have a hunch that a specific type of blockchain will enable us to recreate small-community reputation/scorekeeping on a global scale.
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Are you pulling the strings of the cryptocurrencys market cap?
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So Hayek is saying that a diffuse market is a maximally efficient market because it begets an emergent system (invisible hand)?
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Speaking of which, is this all kosher here?https://twitter.com/nicktheodorou/status/877023362773651456 …
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A financial incentive for ethical behavior. Most people's short term desires are used against them in promoting civic duty. Paid to be nice.
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THI$(.${¥}§IVIDIVIZ+{Y}$ION/0ºJ]GUIDIAN[FKILLHCALICE=ME.en/gl/is/¹V!!!T0ºKITKATO[M©IBM]QGIBMAN#UT©DAVIDOQUITRIGGERMANIC@.52$LG5TVHDAMIG0A£0?
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£0HIV=_P0-v^-v-0Qserverocccapsidarpastyxxx_U2.xyz=VIH0£0£4$?!²HO¡KARTCHOM[.)$AAB/ITON/REJECTax+}0.[WORLD_LABORxxx0.0:¬^-v-|G7?@.8%_
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ORGANISATION].0{ CHARIOT THE INCERTITURE OF SCIENCE RADICAL MESUREMENT..... ME.xyzz@TOPETAITENDIX/0=4ARBITRAGEMENTALPHALLOVERGBEASTYXXXATOQ
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BITACCORDINGOTAAASTATIC/Orh+©AITTFEuxUR/.r$$
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IF YOU YOU THING QUANTUM YOUR PRESENCE ?153¹±¹VOLTAIROQU2YOUTH @.
#ROTH@.MANICCCPING0ALUCORIVH87"¿"(.)"?"G78HVIPSDDIEUNThanks. Twitter will use this to make your timeline better. UndoUndo
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