jimmysong on Nostr: The Double-Edged Sword of Efficiency ----------------------------------------- As an ...
The Double-Edged Sword of Efficiency
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As an engineer, I hold efficiency in high regard. I aim for punctuality, consistency, and above all, I strive to avoid waste.
However, efficiency has a counterpart - fragility. When a system is hyper-efficient, it loses its resilience to disruptions. Over the past half-century, cost management has leaned heavily on this notion of extreme efficiency. The surge in money printing, which should have led to inflation, was largely counterbalanced by the efficiency gains from centralization. However, this centralization has left us exposed and vulnerable, even granting undue power to foreign governments.
No one is fully self-sufficient or immune to these issues. While it may appear beneficial to have a "global community", it actually exacerbates the problem. It creates a myriad of single points of failure, where the entire system can come to a halt if certain conditions are met.
The solution lies in being slightly less efficient and leaning towards self-sufficiency over hyper-efficiency.
Fortunately, Bitcoin presents a viable solution. As deflation becomes normalized, businesses can shift from exploiting efficiencies to fostering innovation. This could lead to a constant disruption of industries, producing better products through genuine progress rather than scale management.
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As an engineer, I hold efficiency in high regard. I aim for punctuality, consistency, and above all, I strive to avoid waste.
However, efficiency has a counterpart - fragility. When a system is hyper-efficient, it loses its resilience to disruptions. Over the past half-century, cost management has leaned heavily on this notion of extreme efficiency. The surge in money printing, which should have led to inflation, was largely counterbalanced by the efficiency gains from centralization. However, this centralization has left us exposed and vulnerable, even granting undue power to foreign governments.
No one is fully self-sufficient or immune to these issues. While it may appear beneficial to have a "global community", it actually exacerbates the problem. It creates a myriad of single points of failure, where the entire system can come to a halt if certain conditions are met.
The solution lies in being slightly less efficient and leaning towards self-sufficiency over hyper-efficiency.
Fortunately, Bitcoin presents a viable solution. As deflation becomes normalized, businesses can shift from exploiting efficiencies to fostering innovation. This could lead to a constant disruption of industries, producing better products through genuine progress rather than scale management.