j23450n

4 ms·

1. 1.▲
   by j23450n 7y ago

   Pretty much this. I don't think greg has read any economic theory, let alone introductory microeconomics where you would see the idea of 'marginal analysis'. I mean his reply suggests that demand is entirely static, or inelas
2. 2.▲
   by j23450n 7y ago

   Look, I'm not one to harp on semantics, but this is bullshit, you can't* just make something a rate by using the word 'per'. If I'm a doughnut shop, and I sell 12-packs of doughnuts, my doughnut-box-size is not a ra
3. 3.▲
   by j23450n 7y ago

   Blocksize is clearly not literally a rate; that's a ridiculous statement. When you artificially cap it, like putting a limiter on your car in your analogy, it can be rate limiting, i.e. limiting the transaction rate - an actual rate. T