so in the current system they can automatically extract value from the general population with fairly little overhead
And the thesis is that they will just stop because they decide that model is "outdated?"
I'm glad my article could spark some conversation about this topic.
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embarrassingly I didn't read it.
but I will 🙏
Our thesis has been that
if we assume premature ossification,
institutional adoption leads to regulatory capture of the network.
And now?
😀
good article!
same thesis
