5-1b1b1a1 Things can become easier the more complexity you have (Network effects = Power-law)

“The more you know the better off you are as an investor” – Li Lu

Maybe it gets easier because when you have more of something that thing can turn into something different (more is different).

Next:

• A key challenge when building networks is overcoming the “bootstrap” or “cold start” problem: attracting users and contributors before enough of them are participating to make the network intrinsically useful.
  • Network effects cut both ways: they can accelerate growth, but they can also handicap it. Scaled networks attract new users without much effort. Conversely, subscale networks struggle just to survive.
    • 5-1b1b1a1a Pareto principle (or law of the vital few) - 80% of the effects come from 20% of the causes
• 5-1b1b1a1.1 The more anomalies you’ve seen, the more easily you’ll detect new ones. Life should become more and more surprising as you grow older. It compounds.
  • 1-1c6a1b Your ability to detect surprises will get better, and you will never be short of them
• Network effects + Power-law = The more complexity the easierdevelop
  • 5-1b1b1a2 Network effect means compounding
    • 5-1b4b Compounding is usually too slow to notice. You have to be deliberate in how you think and what you see.

Related:

• You should make sure that (a) you love what you’re doing, and (b) what you’re doing is on solid foundation
  • 2-1b2b ‘Second-order thinking’ - Solve the root cause of a problem (prevention) and not symptoms. Be smart-lazy.
    • E.g., BTC—scalability issues can be addressed via L2 solutions, but you (likely) can’t add privacy later
  • 5-1b4c Exponential growth feels flat in the beginning, precisely why it’s worth making an extraordinary effort to get it started. You can also follow the Fun Criterion (the latter likely exhausts the former). Consistency is the key.
    • Learning new languages gets easier the more languages you can already speak?revisit
      • I.e., get started but know that the beginning will be tough
• 1-2d You have to know your problem-situation (and your web of ideas) as best as you can to judge the merit of new explanations
  • 5-2b1a2a Simplify the problem, but not too simply
    • 9-4e2c Figure out what’s really worth automating-delegating first, before automating-delegating anything
      • 2-1a6c3 ‘Global and local maxima’ - Don’t prematurely overoptimize. Occasionally throw in some ‘randomness’.
• 2-1a2 See clearly - 解像度を高める
  • 9-4b2a1b Build the Idea Maze - Explain the history around an idea, and why yours is a good one. Virtually render the history of the evolution of that idea.
    • 9-4b2a1d1 歴史の中にひそむあらかじめスクリプトされたものを読みとることで時代の現在を生きる
  • 7-1b4b You can let the tech decide what are the problems to be solved. Otherwise, it will decide by itself. It’s about possibility and not about should.
    • 7-1b4f Let the tech decide where to go (both intellectually and physically)
• 5-2b1a2a Simplify the problem, but not too simply
  • 4-1a4b2a3 整理 = 意識的にすてることdevelop
• L1s - BTC and ETH are already that vital few with network effects already kicked in
  • The next frontier is L2s (8-2b2d Value shifts to adjacent layers)