I understood the invisible hand to be an argument that the aggregate supply and demand of individuals pursuing their own self interest would make it so that there was no need for central plannin
presumes that there is no such thing as market failure / externality / tragedies of commons / etc
I view Memo as a nice proof-of-concept, but long form / high volume storage will be better served by other blockchains or solutions long term, and then this tech will fade out. My 2c.
not all data must be stored on one single blockchain. "just because you can, doesn't mean you should." Why not long form hi def video content? because it'll get priced out one day.
I certainly respect your right to use the permissionless blockchain but it seems like a competitor with a more efficient storage system might make you regret this decision one day :)
"People are dying in those meat packing plants because the state isn't allowing the owners of those plants enough freedom. If only the state would leave them alone, the workplace would improve"
I must say that the debate between a fictitious perfectly capitalistic society and totalitarianism isn't convincing whatsoever. I don't need the Internet to tell me I don't want to live under Stalinism.
so what do you think of /u/Contrarian__? https://memo.cash/topic/reddit+user+%2Fu%2FContrarian__
I'm unconvinced by your argument that he's GM, but I think this would require a high standard of evidence, so I'm likely to be hard to convince regardless.