.@elonmusk you refer to companies like @facebook as "a cybernetic collective of people and machines," which I ❤️ as an idea, but I think is even better when applied to #cryptonetworks like Bitcoin.
Collectives imply that *all constituents* work together w/ a common interest.
With companies, it is the shareholders that have a common goal of profit, while the rest of the constituents (consumers, suppliers, 3rd party devs, etc) eventually end up short-changed due to that goal
With companies, it is the shareholders that have a common goal of profit, while the rest of the constituents (consumers, suppliers, 3rd party devs, etc) eventually end up short-changed due to that goal
By uniting all constituents around a shared repo of open source software, which lays out the rules of the game (and how those rules are changed) for the supply-side, demand-side, & investors, #cryptonetworks are an upgraded version of the "cybernetic collective" you reference.
In case you end up looking at this thread, here's a piece describing how the "cybernetic collective" of a #cryptonetwork differs from that of a company: medium.com/@cburniske/cry…
