Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
I'm noticing lots of people with both the opinion "I don't think I could work under a boss" and "hierarchies are efficient". But there's a tension between these two. Efficiency properly understood isn't output per man-hour, it's output per unit unpleasantness. That follows from standard econ definitions of efficiency.
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Thomas pfp
Thomas
@aviationdoctor.eth
In my professional world, ICs are the exception, not the norm. It was a bit of a culture shock landing here in founder-rich FC. For me it’s not so much the hierarchy vs anarchy that creates efficiency, it’s good old incentives and disincentives, as Charlie Munger would say. Hierarchies exist to keep tabs on those
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Samuel pfp
Samuel
@samuellhuber
1000% crypto taught me the world is run by incentives. Incentivize the „right thing“ and you‘ll get anything done or anyone to do anything Like Bezos said: „Want to do something. Remove friction.“ „Want to stop something. Add friction.“ Incentives can work like friction or straight up drive doing
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