"Old institutions are like plantation mono cropping systems with synthetic fertilizer & pesticides that kill everything else. They index im a specific direction with certain metrics they optimize for.
Where unique and interesting things grow is in new systems. These are like rain forests with ecological equilibrium."
Really cool quote from Friedberg on the All-In Podcast:
"All breakthrough technology starts out seeming impossibly large, impossibly expensive, and impossibly slow"
Authenticating my Farcaster account on @perl.
[0x7df5d870a61a8d0744d335c99ecac3bb7a5cbf32bbc517df4f45f5cddbe149d12722c0711841ea6da918a880386ba2592d7f37f354e5d6c3e87af7b84f08e8161c]
My Uber was waiting outside, as I rushed to finish my final set at the gym. Tricep pull-downs
I was on my 5th rep vigorously pulling the weight down, & then the entire system demolished with a booming noise
The entire gym paused, I also paused for a moment, then I walked out
If certain crypto assets are regulated as securities, activities like pump and dump NFT projects could be rendered illegal.
What are some other implications?
Reasons why Tesla is winning long term:
🤖 Tesla is focused on autonomous vehicles
🏎️ No one else is even close
✅ Tesla costs the same as normal cars to make, but Tesla is 5x more useful
Network state concept in 4 bullets
Highly aligned community 👥
oriented to do collective action 🔧
crowdfunds territory🏝
& gains diplomatic recognition 🛂
