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RE: 10 little idiots: trying to answer | if everyone delegates to bidbots?

in #steemit6 years ago

the reason i bring up that coles chicken is just an example because in a way it's similar to what we see on steem.

as a collective population, we're better off to ignore the cheap chickens at coles, because if we keep buying there, eventually the independent fast food chicken places, that currently sell chickens for around $13-14, will disappear (ie. charcoal chicken).

Then when that happens, coles and woolworths will put their chickens back up to say $20, and then we're all complaining that chickens have become so expensive....

but it's almost the number one rule in economics, is that almost every smaller player will play the game as it suits their immediate need, and will rarely collude to find outcomes beneficial to many.

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but it's almost the number one rule in economics, is that almost every smaller player will play the game as it suits their immediate need, and will rarely collude to find outcomes beneficial to many.

This, in a decentralized community that relies on each other for support.

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