Quotes I’m thinking about:
“I’m a libertarian at the national level, a Republican at the state level, a Democrat at the municipal level, and a communist at the family level.” – Nassim Taleb
And I think everyone is either a dogmatist or a skeptic at the individual level.
In businesses, only the low cost operators get to enjoy the shift.develop
Related:
- 2-1b2e0 The less guessing layers the better
- 3-1a4a1 The whole must be evoked in explaining the parts
- 5-1b1b1a2.1 Network effect means scaling increasingly
- 7-1a2a1.1 ‘Scale’ - Anything that scaled started small, at the edge, at the frontier, as an avant-garde
- 10-2g1g Scientific knowledge implies location-time-scale-independent applicability
“Historically, successful models like Venice, Dubai, or Singapore were small city-states. Scale enables effective governance, but as the U.S. economy grows in size and complexity, governance becomes harder. We need even more localism than we had 50 or 100 years ago, but our systems haven’t adapted to this reality.” – Nassim Taleb (20250923)
Fragmentation is not the same thing as localization, and I think we need the latter.develop
Or as Saifedean Ammous puts it, USD is ultimately backed by raw power and its exhibition (in contrast to, for example, BTC which is backed by proof of work).
Related:
- 2-1e1 ‘Layer-1’ & ‘Layer-2’ phrasing is probably not the best analogy-understanding-topology
- 4-1a4b3d The ‘ledger of record’ shifts the focus to adjacent layers
- 8-2b2d Value shifts to adjacent layers
Related: