@feld i’ve maybe devoted years of my life to thinking through this stuff. and, um, no.

here’s a presentation that directly addresses what you misinfer from that graph.

https://www.interfluidity.com/uploads/2017/10/Fiat-Is-Effective-Minitalk-light-edit-to-share.pdf

@feld here’s maybe a more concise and entertaining version.

https://www.interfluidity.com/uploads/2019/10/uber-but-for-slavery-2019-10-30-post-edit2.pdf