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That's actually what's making bitcoin successful. Never underestimate what large amounts of morons can do. There's a name for what happens if someone finds a w
by waps 13y ago
That's actually what's making bitcoin successful. Never underestimate what large amounts of morons can do.
There's a name for what happens if someone finds a way to use large amounts of people to act in their interest but against the public interest. It's called a "Nash equilibrium", and it's unstoppable.
This is the point the article seems to be making.
- promptcritical 13y agoThat's not a Nash equilibrium. What you're describing is called the "Tragedy of the Commons."