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Following it that way is like following the glass maker in the standard broken window fallacy.
by MereInterest 5y ago
Following it that way is like following the glass maker in the standard broken window fallacy.
- thayne 5y agoAnd in the parable of the broken window fallacy, the glassmaker does benefit from the broken window, but the broken window is bad for the economy overall. It's a similar situation here, at least in the short term GPU makers are profitting from increased demand, as well as scalpers and people selling secondhand GPUs, but for the economy (and in this case the environment) as a whole it is probably unhealthy. So, the broken window fallacy is definitely relevant but doesn't really refute my claim that someone is benefitting from it
- MereInterest 5y agoTrue. I had interpreted your comment as implying that the existence of beneficiaries beyond the transaction validators themselves makes the system as a whole be beneficial.