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And it might not. That's like going up to Eisenhower after he proposed the interstate system and saying, "Wait, the cost of paving over that much land and buil
by floatrock 9y ago
And it might not.
That's like going up to Eisenhower after he proposed the interstate system and saying, "Wait, the cost of paving over that much land and building that many overpasses might largely offset any gains of this supposed more efficient transportation network."
All new technologies introduce costs, but ideally they also act as multipliers that bring far more benefits.
The multiplier effect might not be enough, but then again, it might be. You're not really saying anything.
Better to talk about under what circumstances the benefits-multiplier might not be enough to make up for the costs. For example, someone elsewhere in the thread said that yes, if humans were bidding on such tokenization, it might create too many barriers. But look at all the ad networks we've built where billions of tiny auctions happen instantaneously -- that's all by machines. So if the system is built for machines, the multiplier effect could be potentially huge.