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A comment on Bitcoin mining hash rate drops as blackouts instituted in China. Parent comment

Re:Bitcoin mining hash rate drops as blackouts instituted in... by salawat on Sunday April 18, 2021 @07:24PM (#26857520)
It can be both in different ways. You're stuck in either or thinking.

And keep in mind, capitalism (when working properly) is supposed to find minima. Not create further barriers to getting things done. The group that gets the job done at the highest output:input ratio for as long as the problem they are solving is relevant was the intended optimization point. Irrational markets being what they are, this frequently does not converge as planned.

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Re:Bitcoin mining hash rate drops as blackouts instituted in... by lofi_lory on Sunday April 18, 2021 @07:41PM (#26857683)
Capitalism's search for minima isn't linked to human welfare tho. Therefore the minima may or may not align with humanity's long term interests. Right now the system seems on track to optimize for our extinction.

Without regulation, most essential markets fail humans.

And finally an ancap "free market economy" was the default state of the world and the whole of human history has been the struggle to overcome/refine that stake based hell.

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