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Replying to Avatar Shawn

If we didn’t know his portfolio, we’d swear Andreessen was a Bitcoiner. Still, this manifesto is excellent.

“We believe Hayek’s Knowledge Problem overwhelms any centralized economic system. All actual information is on the edges, in the hands of the people closest to the buyer. The center, abstracted away from both the buyer and the seller, knows nothing. Centralized planning is doomed to fail, the system of production and consumption is too complex. Decentralization harnesses complexity for the benefit of everyone; centralization will starve you to death.”

https://a16z.com/the-techno-optimist-manifesto

7c
nobody 2y ago

Just was reading Hayek last few days. I'm reminded just how 'distorted' the markets in the economy are. It's all artificial.

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Shawn 2y ago

🎯 Hayek was quite the eye opener for me.

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