But this decentralization is a feature, not a bug. It might be more efficient on the surface to centralize and just have everyone trust a mint, but that defeats the purpose of decentralization.
There are other upsides like independence.
It’s more efficient for everyone to take a bus and never drive a car alone. But cars give freedom. It’s more efficient for the world to eat soy lent instead of a diverse diet.
Complaining about how cars use more fuel than buses or how strawberries take more water and fertilizer than soy neglects to capture all the benefits gained for those higher costs.
There are other upsides like independence.
It’s more efficient for everyone to take a bus and never drive a car alone. But cars give freedom. It’s more efficient for the world to eat soy lent instead of a diverse diet.
Complaining about how cars use more fuel than buses or how strawberries take more water and fertilizer than soy neglects to capture all the benefits gained for those higher costs.