Re:I wish GPT4 had never happened
by imtringued on Monday April 10, 2023 @03:40AM
(#35510031)
The economic calculation problem exists form any type of economy regardless of whether it is dezentralized or centralised.
The difference is that a central miscalculation impacts the entire economy while a decentral miscalculation usually only impacts a small area surrounding that person.
If a group of independent people makes a miscalculation like during the global financial crisis then you end up with the same problem it is just less frequent.
The difference is that a central miscalculation impacts the entire economy while a decentral miscalculation usually only impacts a small area surrounding that person.
If a group of independent people makes a miscalculation like during the global financial crisis then you end up with the same problem it is just less frequent.