2 ms·
I use a pretty clinical definition for what I consider a business: a business is simply a collection of systems and processes that work together to create a con
by neom 2y ago
I use a pretty clinical definition for what I consider a business: a business is simply a collection of systems and processes that work together to create a condition for a fair and safe exchange of value between parties.
I think any real business person would agree that is true. That is to say some things that look like businesses are not, and they go away pretty quickly. Then some societies say "what fits into that bucket but we want to hedge out edge cases" and then you exclude stuff, say healthcare. In a perfect system, the utility would have responded to the bitcoin miners by spinning up a huge solar farm that not only solved the BTC but helps everyone else too, an unfair capitalist will tell you a totally deregulated market will create those conditions over time, I'm skeptical of that aspect of capitalism hence I say it's an unfair point, but I don't firmly take a position because we don't have perfect systems so it's hard to know.