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In a well-designed network, growth begets growth, creating a healthy and dynamic system.
Chris Dixon • Read Write Own: Building the Next Era of the Internet
Because these groups of users generally live inside of atomic networks, the other thing that happens is that networks tend to attract other atomic networks. And so
Andrew Chen • The Cold Start Problem: How to Start and Scale Network Effects
The Internet fails to scale gracefully.
Elemental gold approximates what Nick Szabo called unforgeable costliness. Brilliantly anticipating contemporary pushback against “wasteful” Bitcoin mining, in Shelling Out, Szabo explains, At first, the production of a commodity simply because it is costly seems quite wasteful. However, the unforgeably costly commodity repeatedly adds value by ena
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
The most interesting finding thus far in neuro-pricing research is that price information activates the brain’s pain center
Hermann Simon • Confessions of the Pricing Man: How Price Affects Everything
The Use of Knowledge in Society
Friedrich Hayek's essay explores the decentralized nature of knowledge in society, emphasizing the importance of the price system in coordinating individual decisions effectively, highlighting challenges of central planning.
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