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by tomputer 1463 days ago
> Except finance is extremely advanced.

Exactly. This is a problem. It can be so advanced that almost nobody understands it.

Now take a look at how advanced Bitcoin is:

  Total circulation will be 21,000,000 coins. It'll be distributed
  to network nodes when they make blocks, with the amount cut in half
  every 4 years.
  
  first 4 years: 10,500,000 coins
  next 4 years: 5,250,000 coins
  next 4 years: 2,625,000 coins
  next 4 years: 1,312,500 coins
  etc...
  
  When that runs out, the system can support transaction fees if
  needed. It's based on open market competition, and there will
  probably always be nodes willing to process transactions for free.

  Satoshi Nakamoto
1 comments

Your idea is KISS works for finance and the rest of humanity are idiots. As you sit down and type from a device created very much by the financial engineering “complications” of the modern market (and in turn being used to create further pockets of complexity).
> As you sit down and type from a device created very much by the financial engineering “complications” of the modern market ...

That's a ridiculous claim.

As if the development of complex technical devices wouldn't have happened without complex financial markets and inscrutable financial business models.

Complexity in finance .. up to a certain degree it may well serve the purposes of society .. beyond some level though, excessive complexity mostly serves few big players who can manage and understand the complexity and gain an advantage over other actors with less resources (that'd be most of the rest of society).

I like your confidence. I happen to agree with the second part while I don’t want to explain the first part. See my other comments for nuance.