“If the construction sector slows (Real Estate Crisis), the price of asphalt crashes. The refiner takes that same Bitumen Blend and instead of separating the asphalt bottoms for roads, they divert the bottoms to the Bunker Fuel pool for ships. If ship fuel pays 450/ton, the Teapot refiner burns the road.” – John Doe (20260106)
I think network effects cannot be had without a bit of correlation. As Li Lu repeatedly argues, if you ignore the Iron Law of Civilization 3.0 you will be miserable. You have to pick between uncorrelation (redundant but isolated) and network effect. It also means redundancy via uncorrelation can never be perfect. On the bright side, ‘mono-culture’ via globalization is not without its merit.
Next:
- 2-1e1 ‘Layer-1’ & ‘Layer-2’ phrasing is probably not the best analogy-understanding-topology
- 2-1e2 Both ‘underlying’ assets and ‘derivatives’ can be considered as ‘contingent claims’
- 2-1e3 実体経済も市場経済も等しく経済
Related:
- 1-2i Brandolini’s Law (the Bullshit Asymmetry Principle)—the amount of energy needed to refute bullshit is an order of magnitude bigger than that needed to produce it
- Index is easier, so it tends to spread faster
- 3-1a4e システムとユーザーはつながっているだけでなくハウリングしあっている
- 3-1c3c3a1 Don’t be so attached to anything because almost everything is contingent. Assume no self.develop
- 6-8 Train your weakest link
- 9-4f Product is merit and distribution is connection
- 10-2g2c0e Synechism - the idea that everything is connected and nothing can be understood in isolation