Borrowing for consumption blows up households. Borrowing for speculation blows up banks. Borrowing for bailouts, handouts, and wars blows up currencies. Credit is an economic drug – feel good now, blow up later.
@naval
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Dual-class systems and equity in AI adoption concerns
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I’ll get it when I’m convinced that it isn’t creating a dual-class system between actual users.
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Generative Art Bridges Imagination and Reality Gap
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Generative art drastically narrows the gap between imagination and reality, but it doesn’t replace imagination.
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Product Design Requires Full Commitment Obsessed Artist
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Good product design requires an obsessed artist – it’s not a part-time job.
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Network Effects Protect Twitter Against Competitive Threats
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People trying to kill Twitter are about to discover how powerful network effects can be.
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Blue check monetization levels playing field for social equality
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Charging for the blue check moves it from a status symbol to a utilitarian one. It elicits shrieks because it’s more about leveling the playing field than making money.
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Culture Wars: Children’s Interests vs Childless Priorities
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Most of the culture wars are a struggle between what’s best for the children and what’s best for the childless.