Free markets solve optimization problems (more, better, cheaper) but coordination on legitimacy isn't an optimization problem - it's a collective agreement problem.

Reply to this note

Please Login to reply.

Discussion

Example: Two Bitcoin businesses have a contract dispute. Market can provide many arbitration services, but if they can't agree which one's decision is binding, the market doesn't solve that. They need prior agreement on legitimate dispute resolution - that's coordination, not optimization.

nostr:nprofile1qqst9ge7953et4c854glcpp7ctdcke2ml0jf2m4dltdav9dppalp5usppemhxue69uhkummn9ekx7mp0qyfhwumn8ghj7mmxve3ksctfdch8qatz9uq32amnwvaz7tmjv4kxz7fwv3sk6atn9e5k7tcywv3cf do you have a proposition for that?