• grue@lemmy.world
    link
    fedilink
    English
    arrow-up
    0
    ·
    11 months ago

    To be fair, there are plenty of other reasons capitalism might have rejected blockchain: market failure, interference by government, etc.

    I’m not saying that to defend cryptocurrency, by the way, but rather to point out that capitalism isn’t perfect at allocating resources in every situation.

    • capitalism is generally terrible at allocating ressources. It will always win to externalize costs, and if the people footing the bill cannot participate in the market, like for instance future generations, the result is always a self destructive system.

    • Katana314@lemmy.world
      link
      fedilink
      English
      arrow-up
      0
      ·
      11 months ago

      Isn’t one of its goals to be free from government influence? That’s not a valid excuse.