Re:Stripe is kick-starting market for carbon removal
by agumonkey on Wednesday October 27, 2021 @11:33AM
(#29014659)
I have a weird opinion on this. Markets and industries are complex multilayered systems. Each subsystem tries to be somehow efficient but actually it's not. People are slow, the tools they use are often slow (unless you have serious knowledge and resources on optimizing logistics, throughput, management), their partners are too, and asking optimizations from them will cause friction.
Market might be a minimizing function of some sort but it's a blind one. Very often groups could do 4x more for 4x less just with a change of mindset alone.
Re:Stripe is kick-starting market for carbon removal
by TeMPOraL on Wednesday October 27, 2021 @11:43AM
(#29014795)
I don't disagree. I'm not claiming the market achieves total efficiency, just that it tries. Much like a submarine is a bubble of air at pressure of 1 atmosphere resisting much higher pressure outside, it is possible (and even common) for low-efficiency areas to remain stable under market pressure, but the overall gradient is still clear. In contrast, PoW schemes use inefficiency as a fundamental component; they're wasteful by design, and it's considered a feature.
In contract, PoW cryptocurrencies have pure waste built in as a necessary component. They're literally waste incarnate, made into code and used to provide trustless consensus. It's a feature, that has to scale with the size of the network, and participants are encouraged to create more waste.
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[0] - Let's for the moment ignore the negative-sum game cancer the advertising industry is. But even advertising tries to be efficient at micro level.
[1] - In fact, it's a major source of modern problems with the market economy. Companies optimize way past the point it makes sense, because the consequences are borne by someone else (e.g. customers). See e.g. the whole field of value engineering.