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RE: Unreal Economics

in Finance and Economy4 months ago

I'm not sure what the solution to the problem you're talking about is though?

When it comes to information, technology provides some answers through web of trust systems that can take multiple sources, each with confidence scores, and combine them. But for many things, we don't even need that level, we just need to be more aware of the world in general at the local level. My friend needs to consume less from the advertised sources, and instead pay attention to what is happening around him. He sees a lot in his position - he should work out what it means by himself, rather than looking to be right or wrong in comparison to an advert.

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Do you have an example of a web of trust systems with the confidence scores? I've heard about it theoretically but I've never actually seen it in action.

I understand what you're saying about the local level... if your friend is reading about good economic metrics being achieved, but the people in his community are losing their jobs and their houses, that's a pretty massive disconnect. I guess it'd have to be all about balance, he shouldn't be oblivious to what his peers and competitors are consuming either.