The Lessons That Complexity Economics Provides for Cryptocurrencies
By Patrick Tan on ALTCOIN MAGAZINE
At 10 a.m. sharp every Tuesday morning, Amelia Gonzalez makes her way to La Bodega at the corner of East 165th Street and Morris Avenue, in the Claremont Village neighborhood of the Bronx, to pick up her week’s groceries.
Once inside the decrepit grocery store, the smell of freshly cooked curry goat penetrates your nostrils, with its acrid spices singing your nasal cavities. Yet promptly each Tuesday morning, Gonzalez makes her way around the shelves of nearly expiring canned goods and “fresh” produce that looks anything but, to pick out her weeks’ grocery items.
Michael Hernandez, stands behind the counter and nods politely to the retired grandmother making her way among the shelves in the store, a ritual he’s watched Gonzalez perform for the last thirty years.
But Gonzalez is not at La Bodega because the prices of groceries are cheaper there. On the contrary, because La Bodega is an independent grocery store, it doesn’t enjoy the economies of scale which makes for lower prices such as at chain stores like ALDI.
