6-3b When you own something, you have an incentive to invest in it

own

Why are we outsourcing our health? We don’t even own our bodies anymore?

Next:

• 6-3b0 When you own something, you can do whatever with it
• 6-3b1 Users become owners with tokens
• 6-3c When you are invested, you’ll try to own it
• 6-3d Be very specific about problems and divide a project clear cut so it doesn’t become bleak, like shared common room.

Related:

• 2-1a6 ‘Incentives’ - Incentives drive (almost) everything. Understand your incentives.
  • 2-1b2b1a Get your incentives right from the beginning
    • 8-1b3d Monetary policies can come first and the currency circulation can come later (or symbiotically-simultaneously), not vice versa (i.e., bottom-up vs top-down)

Don’t externalize incentives:

• 3-1c1d You must build your own media distribution to avoid distortion for yourself and others
  • 6-1a We are outsourcing to capitalist entities who are not aligned with us
• You can tax them, or creatively destruct them by building digital native (i.e., tech-based) communities that are much less prone to externalized incentives:
  • 2-2c1 If you have negative externalities, tax it
  • 2-1a0 ‘Creative destruction’ - Think outside the box. Evolution of ideas must be revolutionary. Knowledge creation involves rebellion against current explanatory framework.
• 6-3b3d Externalized incentives (negative externalities) go away when everything is externalized
  • Remember: RUL3 - Invert, always invert

Own your own:

• 6-3a Ownership is not just about physical-digital asset, but about yourself
  • 6-3a1 You have to own your own creation. The difference between creator and influencer is the gap of digital property rights.
    • Similar to the difference between sales and PMs?develop

Digital ownership:

• You should own digitally (digital-physical demarcation is arbitrary after all!) and there should be property rights equivalent in the real of digitalcategories
  • 8-1b2 Digital-physical is entwined
    • Own and help own
      • Why newsletter is having a renaissance (e.g., Substack)
        • Email list is generally better, because amount of crap you get is much less compared to Hacker News
          • This could be because both creators and users use their own email address in the former, whereas in the latter users don’t really own their identities theredevelop
            • The same applies to X
              • The case for Web3 socialdevelop

E.g., my Obsidian notes and baseball gloves

• 5-2c2b1a If you want your writing to still be readable on a computer from the 2060s or 2160s, it’s important that your notes can be read on a computer from the 1960s, for your future self

Crazy connection:

• 5-1b4c2a When you have an agency, you don’t get depleted. We aren’t powered by a battery.