Replying to Avatar Toxic Bitcoiner

It’s not new, communist central planners have been saying something like this for at least the last century. They always think that with *x new technology buzzword* like big data, regression analysis, or even Microsoft Excel, that they will have the computing power to overcome Mises’ Economic Calculation problem. The reason why it’ll never work, despite how much computing power they have, is that without property, there’s no cost. No cost, no economic calculation. No calculation, no production. You can see nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak explain it even better here from 23:28-25:00, then the AI part from 31:40-35:45 Everything in between is great too. https://m.youtube.com/watch?v=16QHLknnHZQ

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BTC_P2P 1y ago

Great episode. The hubris of central planners and their supporters is always the issue.

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