4 ms·
> The best option for the collection of arguably the most brilliant minds that have ever walked this planet is to work for Google, trying to get people to click
by rrrrrrrrrrrryan 6y ago
> The best option for the collection of arguably the most brilliant minds that have ever walked this planet is to work for Google, trying to get people to click more on ads.
Ridiculous.
A counterargument from Warren Buffett:
> If I wanted to, I could hire 10,000 people to do nothing but paint my picture every day for the rest of my life. And the GDP would go up. But the utility of the product would be zilch, and I would be keeping those 10,000 people from doing AIDS research, or teaching, or nursing.
The market isn't a God - it selects silly, suboptimal things all the time, especially in the short run. It often selects things which are very bad for the many and good for the few, it has no regard for negative externalities, it's often subject to irrational speculative bubbles.
I'm not sure regulation is the answer, but bitcoin absolutely can and should be criticised as a poor use of energy.