I broadly agree. I’d add that it’s not just about abundance but lack of potentially damaging stressors.
Example: if the SEC doesn’t do it job, than you can become the richest man of the world on top of a meme.
Not that abundance wasn’t necessary but that it wasn’t sufficient.
Example: if the SEC doesn’t do it job, than you can become the richest man of the world on top of a meme.
Not that abundance wasn’t necessary but that it wasn’t sufficient.
https://twitter.com/tek_fin/status/1349435546825863171
Also, abundance is a stressor that protects from damage from stressors; so the two points above are intertwined.
A question I’ve been spending time pondering is, do we benefit from a market of memes?
In part, yes: memes can be the bridge that crosses the chasm, making the impossible possible.
In part, no: fraud and “you can do it without substance” are memes too.
In part, yes: memes can be the bridge that crosses the chasm, making the impossible possible.
In part, no: fraud and “you can do it without substance” are memes too.
That said, it’s not a false dichitomy. We can still get the best of two worlds, by cracking down on the latter while being very specific and letting the former fly.
They’re not exclusive.
They’re not exclusive.
(And to answer questions regarding tweet #1:
Luca, do you mean that Tesla is a meme? No but it’s valuation is
Do you mean that it made it because of fraud? No, it made it because of design, etc. But it arguably wouldn’t have survived without fraud
Is this about Tesla? Obv no)
Luca, do you mean that Tesla is a meme? No but it’s valuation is
Do you mean that it made it because of fraud? No, it made it because of design, etc. But it arguably wouldn’t have survived without fraud
Is this about Tesla? Obv no)
As a large part of my 2020 and 2021 tweets, it’s about stopping trolleys going too fast before they become trolley problems.
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