There’s a common theme in the scaling debate. Security vs. Usability. Unfortunately, people in this debate consistently fall into a trap that even the “Father of Economics”, Adam Smith, didn’t quite know how to dispel. The Water-Diamond-Paradox. Though he was never able to solve why diamonds were more valuable than water, we benefit from the ability to stand on the shoulders of giants other than Smith. One such giant, Carl Menger, formulated the concept of “Marginal Utility” used to solve this paradox.

There’s a common theme in the scaling debate. Security vs. Usability. Unfortunately, people in this debate consistently fall into a trap that even the “Father of Economics”, Adam Smith, didn’t quite know how to dispel. The Water-Diamond-Paradox. Though he was never able to solve why diamonds were more valuable than water, we benefit from the ability to stand on the shoulders of giants other than Smith. One such giant, Carl Menger, formulated the concept of “Marginal Utility” used to solve this paradox.

There’s a common theme in the scaling debate. Security vs. Usability. Unfortunately, people in this debate consistently fall into a trap that even the “Father of Economics”, Adam Smith, didn’t quite know how to dispel. The Water-Diamond-Paradox. Though he was never able to solve why diamonds were more valuable than water, we benefit from the ability to stand on the shoulders of giants other than Smith. One such giant, Carl Menger, formulated the concept of “Marginal Utility” used to solve this paradox.