6-3b2 In corporate networks you can only quit

“States lose control over money not because people rebel, but because people leave … The future of money is not decided by ideology. It is decided by exit.” – @arjunkhemani

You can quit. But remember Li Lu’s Iron Law of Civilization 3.0—so you better stick with available corpo network and wait for (or build) the killer-app to emerge meanwhile.

Next:

• 6-3b2a Interoperability implies compounding
  • In real life you quit but that quitting transfers one way or other to your next adventure because everything is connected
    • In contrast, video games without interoperability gives you the impression that success or failure in one area doesn’t translate into other areasrevisit
• 6-3b2.1 State network ≈ Corporate network
  • You can’t easily quit the former, however
• 6-3b3 Don’t think corporate network structure (especially its incentives) is the norm
• 6-3b3a Networks with billions of owners are possible
  • 6-3b3c Tasks held captive as proprietary in corporate networks become market-based
    • The marketplace operator has huge control in shaping incentives and thus Hayekian order does not always come about (and sometimes that’s for the better as in the case of Uber vs Sidecar)develop
      • Not every top-downs are inherently evil

Related:

• 2-2d Gresham’s Law generalized—the bad practice drives out the good

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

  • It can go the opposite way
    • E.g., as the tax base shrinks, states raise taxes and intensify enforcement on those who remain
  • 巨大企業による意識的なmind-share 独占 (I don’t think this itself is a problem if that big corpo is the best one at what it does) → その分野におけるイノベーションの数自体が減る (<> Gresham’s Law)
    • 2-1a0 ‘Creative destruction’ - Think outside the box. Evolution of ideas must be revolutionary. Knowledge creation involves rebellion against current explanatory framework.
    • 2-1c1 ‘Comparative advantage’ - If others can do it, let them
    • 7-1a2a3 Win at the corner then come back (傾く・バロック)develop
    • 8-2d3 You can vote with ballot, wallet, or foot (physical & digital)
      • Just that it’ll be individual responsibility
        • <> 9-1b You can’t really transfer your knowledge to others, because each knowledge has to be created individually

• 6-3a1 You have to own your own creation. The difference between creator and influencer is the gap of digital property rights.

  • User ownership in corporate networks is an illusion
    • E.g., digital goods in Fortnite and League of Legends
      • I.e., goods are just borrowed and users are mere renters

• 8-2b Crypto will disrupt everything because it can change how organizations are formed, monetized, and exited. It could take decades to play out.

  • 2-1a0c1g No lock-in = 去る者は追わない・追えない
    • 12-1a2c Digital network can solve the problem of network defects (both as a failure and a political defection) because not constrained by the arbitrary state and its physical borders means it doesn’t get too big or too complex

• Blockchain network > Corporate network

  • 8-2d Network states (digital) can probably address the problem nation states (analog) inherently possess