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Not sure where the idea that "hubris" is what causes these bugs that result in loss of funds. Sounds like a very subjective take. Yes, it's costly to build an
by Jommi 4y ago
Not sure where the idea that "hubris" is what causes these bugs that result in loss of funds. Sounds like a very subjective take.
Yes, it's costly to build an anti-fragile system. This is not a surprise to anyone.
Our current monetary system is not anti-fragile. We saw it in 2008. Because of these regulation safeguards you mention, moral hazard appeared and true safety has never been achieved.
Now to be clear, I am not saying this is the only way to build a monetary system. It's just one way.
>often the money is gone to North Korea.
another flavored, subjective take. You link to one such case.
You are using multiple logical fallacies in your comment, I would re-evaluate what you actually want to discuss/learn and then respond accordingly. Currently it just seems like you are angry at something.