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> On the flip side, decentralizing makes coordination harder. Perhaps technology could help in this regard, at least to some degree. Bitcoin has proven coordin
by plainOldText 7y ago
> On the flip side, decentralizing makes coordination harder.
Perhaps technology could help in this regard, at least to some degree. Bitcoin has proven coordination in a low trust environment is possible. Imagine if we could make coordination easier in other industries too.
> I'm not arguing that one kind of organization is always better or worse. To me it just seems complicated.
I agree, it is indeed complicated. But we need to start seriously considering concepts such as scale, systems thinking with its centralization/decentralization paradigms, and incomplete knowledge/risks if we want to design better institutions. Then we can thinker with turning the knobs one way or the other.