All problems are coordination problems. When the systems through which consensus emerges fail no new problems are solvable. This has a ratcheting effect until new consensus mechanisms emerge and dominate, creating periods of stability. It doesn't matter how wealthy we are or how productive the mean employee is, because the structures created to solve past problems cannot foresee or account for the problems that emerge subsequently, either by themselves or from the very success of historical systems (e.g. social media, so called "first world problems).
When people cannot imagine viable solutions to intractable or wicked problems because it's impossible for consensus to form around them they feel increasingly impoverished and pessimistic. In the west we imagine solutions coming from rugged individualism, and the beauty of bitcoin is that is that it solved a collective a problem, a problem with the commons, through rugged individualism and self interest, but that is rare. Most problems aren't like that.
All problems are coordination problems. When the systems through which consensus emerges fail no new problems are solvable. This has a ratcheting effect until new consensus mechanisms emerge and dominate, creating periods of stability. It doesn't matter how wealthy we are or how productive the mean employee is, because the structures created to solve past problems cannot foresee or account for the problems that emerge subsequently, either by themselves or from the very success of historical systems (e.g. social media, so called "first world problems).
When people cannot imagine viable solutions to intractable or wicked problems because it's impossible for consensus to form around them they feel increasingly impoverished and pessimistic. In the west we imagine solutions coming from rugged individualism, and the beauty of bitcoin is that is that it solved a collective a problem, a problem with the commons, through rugged individualism and self interest, but that is rare. Most problems aren't like that.