Post
Topic
Board Economics
Re: Ideas for more efficient distribution of money?
by
AnonyMint
on 27/11/2013, 05:29:01 UTC
There was a hypothetical question in my PM which is basically am I going to put all my effort in one altcoin. And my answer is I would support and help any coin that I feel has promise in stopping the bad outcomes I fear. I might even use gains I achieved by investing in one coin to fund development on and invest in other coin. Any one who produces good stuff, I am in. I am trying to incite more quality competition. Systems that have a single point of failure are not resilient, e.g. one crypto-currency for the world.

http://unheresy.com/Information%20Is%20Alive.html#Knowledge_Anneals

Quote
Top-down systems are inherently fragile because they overcommit to egregious error (link to Taleb's simplest summary of the math).