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

Owners usually care more than employeesown

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.

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But you should be careful with our tendency to overly commit to something, even when it’s not worth the time.

Or vice versa: e.g., when you built a summarization program, you’d read them—an effective workaround when you have something you know you should read, but just couldn’t.

Related:

• 2-1b2b1.1 If it’s not worth doing well, it’s not worth doing at all
• 2-1b2b1.2 Anything worth doing is worth doing to excess
• 2-3b ‘Leverage’ - The effort put in and its utility-results doesn’t have to correlate at all. Use this to your advantage.
• 3-1c3c3a Realize that having invested time in something doesn’t make it good. There is no necessary correlation between the time you put in and its usefulness.
• 3-1c3c3a1 Don’t be so attached to anything because almost everything is contingent. Assume no self.
• 3-1c3c3a2 Time spent doesn’t mean much
• Don’t make the difficulty-rewards relationship a simple straight line