Re:The financial cost of not knowing things
by 3pt14159 on Saturday May 12, 2018 @09:12AM
(#17053895)
Look no further than Bitcoin. Without knowing a combination of cyber security, computer science, economics, law, and incentive modelling Bitcoin could have been the thing that cost you tens of thousands of dollars or could have made you hundreds of thousands or millions.
It's so obvious that information and understanding is directly tied to wealth. The growing gini coefficient within developed countries as partially attributable to the information super highway that's enabling the intelligent to hyper charge their mental models of the world with a just in time information delivery system to boot.
The whole system is speeding up for the top 5%. Focussing on the cost shrouds the true takeaway. The money is all on the growth side and the intellectually impoverished are getting left behind.
It's so obvious that information and understanding is directly tied to wealth. The growing gini coefficient within developed countries as partially attributable to the information super highway that's enabling the intelligent to hyper charge their mental models of the world with a just in time information delivery system to boot.
The whole system is speeding up for the top 5%. Focussing on the cost shrouds the true takeaway. The money is all on the growth side and the intellectually impoverished are getting left behind.