Post
Topic
Board Announcements (Altcoins)
Re: [ANN][CLAM] CLAMs, Proof-Of-Chain, Proof-Of-Working-Stake, a.k.a. "Clamcoin"
by
navaman
on 16/11/2015, 18:23:37 UTC

I don't leave this in a pretty place as it is quite obvious that many of the decisions will be wrong.  The public is ignorant and rent seekers just as much as Wall Street.  The economic experts really have a degree in applied math and need never open an introductory book, take economics 101 or ever have held an actual job outside of the PhD qualifacated ones.  So, the fewer decisions and changes that are made to the basic structure the better is my advice.  If you are going to make fundamental changes, besides expropriating clams, they should be done now before the economic infrastructure gets built around Clams.

That is all.


So, to paraphrase, the public is ignorant, economic experts don't understand economics, and PhD's are useless. That's an awful lot of angst. Go take a spin class or something is my advice.
Sums it up pretty well.  However, I get my exercise walking the dog.  Next time we will discuss how information flows through an economy and the futility of making a decision in the aggregate by individual policy makers.