There are 5 stages of adult development in Kegan's model. A few of the stages (what he calls "Orders"):
Order 0: Total inability to grasp concepts or separate any experiences from the self. Are subject to everything occurring around then. Newborn babies are Order 0.
Why is it important to understand availability cascades?
They determine which ideas spread in the world and which do not. How much an idea spreads is often independent of merit/truth if it gains sufficient momentum.
What are availability cascades?
“A self-reinforcing process of collective belief formation by which an expressed perception triggers a chain reaction that gives the perception increasing plausibility through its rising availability in public discourse”
An abundance of high quality and cheap digital entertainment = a lot less young men working. Excellent piece by Andrew Cortina. kortina.nyc/essays/kinky-l…
The optimistic view: this is a rapidly growing new frontier offering lots of opportunity, it just happens to be digital rather than physical (ex: space).
I suspect blockchain-based digital assets will make virtual economies very real. People will be able to earn their entire living in virtual worlds in the next 10-15 years, changing the definition of “work” itself.
1/ Token curation markets use economic incentives to create crowd curated information feeds/lists on any topic. Feels like what will become an important crypto primitive: medium.com/@simondlr/intr…
2/ Core idea: the token holders of the feed have an incentive to create the best feed possible to attract as much attention as possible. More attention --> more valuable feed tokens because of their value to others who want their content in the feed.
3/ A lot of life comes down to effective information processing. Specifically, creating ranked lists. They are the root of decision making: consider options, rank them, take action. Curation markets can do this on an arbitrary number of topics. Potential scope is huge.
1/ No direct funding. Rely on the incentives of existing token holders and good will of the community to develop public infrastructure.
2/ Private funding.
Large holders, companies/projects building on the chain, or open crowdfunds create programs to pay for development.
Example: Bitcoin.
Upsides: simple, decentralized.
Downsides: tragedy of the commons.