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RE: World Economic Forum Says...You Might 'Question the Hype Around Blockchain'

in #bitcoin7 years ago

It's tough to compare these

Yes, but necessary, IMO.

How do you quantify the greed of mankind?

There is a theoretical framework for this called the "Price of Anarchy"; it was introduced by some theoretical computer scientists about 20 years ago and it's attracted quite a following among the engineer/computery game theorists out there. Essentially, it tries to measure just that - how do you measure the harm of greed?

For the past couple years I've been studying the price of anarchy in some network routing systems, and I agree with you that it's a hard problem - but I think it's an interesting and important one nonetheless.