4min chapter

The "What is Money?" Show cover image

Bitcoin and Social Entropy | The Geoffrey West Series | Episode 2 (WiM145)

The "What is Money?" Show

CHAPTER

Are Transaction Costs Scaling Sublinear to Network Size?

The question of administrative costs, which is sort of related to some of these questions, bureaucracy. How do we know it's too much bureaucracy? What is the optimum size of the bureaucracy for a given set of functions? You know, can we imagine developing a science of that? We got awarded a very large grant by the National Science Foundation Foundation to look at this issue.

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