Sublime

The DAO and the Bitcoin-mining network highlight a fundamental question about the rise of cryptocurrencies, smart contracts, powerful platforms, and other recent digital developments.

The technologies discussed in this book are great cost reducers, and especially good at reducing coordination costs. It’s easy to see how search engines, cheap global communication networks, and the free, perfect, and instant economies of information goods in general would drive down coordination costs.

sensors and code are not just being used now to precisely

optimizing how we use technology is just as important as how we choose what technologies to use in the first place.

one of his primary arguments is that instead of reducing labor, computers end up creating more work.

impose constraints

Meanwhile AI may make better decisions than people and steal our jobs, but computers and algorithms cannot frame. AI is brilliant at answering what it is asked; framers pose questions never before voiced. Computers work only in a world that exists; humans live in ones they imagine through framing.

Internet of things, could make possible the monitoring of far more of our actions and outcomes.

Civilization’s appetite for useful and cheaper technologies is boundless. This will not change.