Invisible hand: the game is ‘means of production’ People: internetz! we own means of production now, yay IH: TOS update:new game is ‘distribution’; aggregate or die People: blockchain sauce! we now own our distribution, yay IH: TOS update: new game is ‘UX’ To be continued
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Replying to @vgr
Control is, as always, in the hands of the distinct entity closest to the user.
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Replying to @hyperfekt
Not necessarily. In bitcoin, it’s whoever is closest to cheap power. In EVs, it’s whoever owns the cobalt and lithium mines. There’s no fixed locus is my point.
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Replying to @vgr
I think I see what you're trying to say, but I don't see how that is a meaningful notion. The advantage exists only in comparison to a different pattern of supply/demand. Viewed in temporal isolation, this in-market power is either not a real thing or prices have not yet adjusted
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I think human motives will always cash out to there being a bottleneck somewhere, but the specific locus is locally contingent in history and pointless to model philosophically. The economic theories explain local structure but not the locus itself
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