sari

if I wanted to maximize human misery, I would 100% try to convince people to spend more time doing things they hate

In the unbundled model, which we seem to be moving towards, there is a wide variety of agents across the value chain that work with one another: the financing is provided by external issuers (like Leif) that take care of the ISAs, the content could be open-sourced (like the Odin Project), the community shared by students across different programs... See more

"Knowledge work is not defined by quantity. Neither is knowledge work defined by its costs. Knowledge work is defined by its results."

However, many have big visions of the future of humanity. What seems to differentiate Musk is the degree to which this desire influences his actual behavior. The speculative hypothesis I find most interesting here is that a component of Musk and other’s persistence comes from experiencing desire more acutely than others.

Coming back to the final

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Metcalfe’s law is wrong – the value of network effects does have a limit, it eventually gets to a point of supply that is difficult to navigate and has an increased number of ‘trolls’ and illegitimate users

All of the big incumbents will want to keep their users tables proprietary in the beginning, because that's their moat and it gives them the network effects and lock-in that markets and investors reward them for.

No wonder people hunker down and avoid committing. The macro risk is gone; nobody is seriously worried about global nuclear conflagration. [1] We’re worried about comparatively micro risks, though: financial instability; the grinding risk of having more debt and fewer assets than the previous generations; the fear of relentless social atomization —... See more

It’s still really early, a lot of things are broken at the moment and there is a lot of speculation. But the promise is that, instead of uploading a file to Instagram servers and having it controlled by Facebook, you have it secured by your private key. And you can program its economics since you are the one who owns it and sets the rules.