8-2b2 The most efficient business is one with trust, or one completely without
9-4b3e3a Interfaces should follow the principle of least astonishment
3-1d6a Consistent style allows cognitive offload with regard to everything unrelated to the problems at hand
4-1a4b6a0 You can use ideas both NOW (upside - cognitive offload) and LATER (upside - ideas becoming useful with new interpretation). Ideas ≠ Money.
4-1a4b3a Constitution formalized the shift of national governance from individual rulers to written law
4-1a4b3b A blockchain constitution means an immutable topic to be discussed
8-1b3a A blockchain takes the code seriously
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)
E.g., Powell and BoJ
Key moment is when there’s no worry about your currency diluting at the whim of central banks
8-2b2b1 Low take rates have a multiplier effect
8-2b2c The iPhone (or the blockchain) moment
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You can invest in and grow your businesses without the risk that the DeFi networks will change the rules, undermine them, and extract your profits later
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In other words, key moment is when composability functions fully (subsequently, comparative advantage maximizes in the ecosystem because delegation and exchange are also maximized)develop
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Blockchains throughput = LLMs context window (8-4b A context window can reach billions)develop
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Where bean counters see fat margins, entrepreneurs should see blood. Your take rate is my opportunity, as Bezos might say.