0 sats \ 1 reply \ @ca 16 Jan \ parent \ on: Javier Milei in Davos. Is this how he wants to free Argentina from this system? bitcoin
Yeah, but it's pragmatism.
He has a small minority in parliaments. That needed a solution I imagine
You need to be opinionated when building.
Every single line of code has trade-offs, if you're not deliberate in what you want to achieve something else will come along that is laser focussed on that and replace you.
The more conspiracy theories you believe the more likely you are to be wrong. It's simple.
Science is mostly right/demonstrated, errors are present but far and between.
Ironic how Bitcoin is based on math, but many bitcoiners don't believe in the scientific process
- LLMs, e.g. chatGPT
- mRNA vaccines
- CRIPSR
- Mixed reality has gotten fairly close to going mainstream
- Robotics and autonomous system have gotten a lot better
- 3D printing has gotten fairly close to going mainstream
Not at all.
Even something like a chair, that everyone might need could not be centrally planned.
Every house is different, each table height might be different, climates across the country might be different which would require different preferred materials, etc.
Absolutely no personal good or service is better when chosen by somebody else than you, the only one who has perfect information about your personal needs.
However, given that the availability of information, the speed at which it propagates, and the computational and analytical power that can be used to process it have increased to almost unimaginable degree since the Soviets attempted to centrally plan their economy, is it possible that Hayek's assumptions about decentralized intelligence no longer hold?
The piece of the puzzle that you're missing is that value is also subjective.
It can only be done at the individual level effectively, since every individual is different. When you attempt to centrally plan, it simply means that you're not capturing those differences at all and therefore you allocate resources sub-optimally when compared to what each individual, with his differences, would have done.
The state can only choose "1 thing for many people". "Many people" can choose "many number of things", all different from each other.