Congratulations to coinbase and the team ! Crypto and blockchain technology are the 800 pound gorilla that will disrupt everything in society ! We are coming !
Very surprised to see F.A Hayek on HN. I would recommend the Road to Serfdom to anyone who is interested in learning more about his viewpoint. Also reading Thomas Sowell wouldn’t hurt either.
"Roger Penrose and J.R. Lucas argue that human consciousness transcends Turing machines because human minds, through introspection, can recognize their own inconsistencies, which under Gödel’s theorem is impossible for Turing machines. They argue that this makes it impossible for Turing machines to reproduce traits of human minds, such as mathematical insight."
“Capitalism will solve it” is not at fault here. What you’re describing is crony capitalism. It sounds as if your local politicians are not doing a great job at creating TRUE competition along with a TRUE free market. In other words your local monopoly should not even exist it should be broken up.
“To quote an official of the U.S. Department of Education, many colleges “choose to increase tuition because they can get away with it.” - The scandal of tuition by Thomas Sowell