Laeserin on Nostr: Storage is a solution for an inefficiency in the system. A completely efficient ...
Storage is a solution for an inefficiency in the system. A completely efficient system would continuously flow without friction or delays.
Entrepreneurs are people who remove some inefficiency from a market at some particular point in time or place, allowing the market to be more-effcient and thereby reducing the amount of money required for the transaction. Their reward is to keep some portion of the money they removed. Because it is less money than the total, everyone involved in the system gets to keep more money, that they can then spend alleviating the inefficiency in some other part of the system. Making everyone involved better off.
Entrepreneurs are people who remove some inefficiency from a market at some particular point in time or place, allowing the market to be more-effcient and thereby reducing the amount of money required for the transaction. Their reward is to keep some portion of the money they removed. Because it is less money than the total, everyone involved in the system gets to keep more money, that they can then spend alleviating the inefficiency in some other part of the system. Making everyone involved better off.