Internet-based trade and reputation let us move from preventative regulation to a system of free markets + legal penalties for bad actors.
.@theDiverge Certainly. But we can shift from pessimistic regulation to optimistic regulation, in the sense of http://en.wikipedia.org/wiki/Optimistic_concurrency_control …
-
-
@paulbaumgart goal of net based trade shouldn't be freeing markets but allaying scarcity. Rep is exclusionary and thus augments scarcity -
@theDiverge One reputation isn't particularly dependent on other reputations. Trustworthiness is a pretty objective standard. Not zero-sum. - 9 more replies
New conversation -
-
-
@paulbaumgart Regulations aren't rooted in pessimism so much as experience. Transition to trust based systems overlooks access barriersThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.