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To engage with the devils advocate: The problem with the reasoning is, either we already know who's a smart decision maker, in which case the mechanism isn't e
by disambiguation 1y ago
To engage with the devils advocate:
The problem with the reasoning is, either we already know who's a smart decision maker, in which case the mechanism isn't efficient. or else we don't know, in which case the logic is circular - whoever gets the most tokens must be the best decision maker.
in any case i think all smart decision makers have learned to stay away from crypto.
- MarkusQ 1y agoYeah, I'd agree with you. I think everybody in that loop is going to learn an expensive lesson. But (and this is an important "but"): I could be wrong. In which case, I'll learn a lesson instead by watching them show me how it's done.