Opinion: Technology and Wright's Law
In the 1930s, aeronautical engineer Theodore Paul Wright (1895-1970) made an important discovery during his study of aircraft production. For every doubling of the total number of aircraft produced, the cost of a newly-built aircraft fell by 15 per cent.
In 1936, he published his findings in the paper “Factors Affecting the Costs of Airplanes”. He described that we learn by doing and therefore the cost per unit produced decreases as the total number of aircraft produced increases. We know this law as Wright’s Law.
When the monetary system's neutrality is threatened
You may have noticed that when Whatsapp starts a new chat, it displays a message that “end-to-end encryption” is being used. This means that the content of the messages cannot be read by anyone other than the people in the chat (though some question the extent of this). Facebook, the owner of Whatsapp, knows something about who you were in contact with and when, but not (necessarily) what it was about.