ericjmorey
In line with theoretical expectations, we have identified pricing as a particularly effective policy in those sectors dominated by profit-maximizing firms
It amazing how hard these companies fight against the things are the most effective (taxes).
You made a good point and I immediately thought that reporting a gross profit dollar amount as an example of how profit margins are not slim as simply inappropriate. And I would have responded myself if you hadn’t. There’s no single dollar figure that can inform anyone about anything useful about the profit margin of a business. A number without context is useless.
I don’t see how that thought process is exclusive to people who are or consider themselves to be smart.
They aren’t saying that this is exclusive to people who consider themselves smart. They’re saying that they’re more likely to fall for the trap by engaging with the assumption of not being susceptible to being tricked. Although I think the author does conflate smart people with people who think of themselves as smart inappropriately.
How often do you repost this question. Seems like the intent is weekly but it’s been 18 days.
Back when Bitcoin was released, nobody was giving a thought to computer energy use.
It didn’t take long before people saw that energy was a major factor in cost of operations of the network.
It was a poor design decision
One that is fiercely defended by people who invested into the implementation. So it may not have started with it being anticipated, but not it is and people are actively choosing to perpetuate this use of energy.
