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as a founder or seed-stage investor you get quite a big of pie, but the distance to reality is quite large. buying sth like tsla is small pie for big cost but the reality is quite real & tangible (and severely overpriced)

a company like a plant can grow explosively/exponentially but at the end of the day is a living organism with inflows and outflows. it needs money, labor, etc... it can't infinitely grow b/c eventually the internal concerns Cancer it to death.

intuitively this is just saying that skyscrapers are hard to build b/c gravity. companies with hyper-growth often are 'light' and parasitic, like airbnb or uber who don't own property/cars. they are more like monetizable protocols of coordination

they grow explosively but only because they can utilize the existing landscape. that means the explosion is horizontal not vertical. it doesn't build a new skyscraper. explosive skyscrapers like tsla/space-x are quite amazing to watch.

thiel's zero to one to reminds me of a factorio game... you explode horizontally to monopolize the resources, then dedicate all of it to launching a rocket. the DESIRE for the rocket/mars-rover is the capstone that coordinates the entire System

however... when btc 'goes to the moon' is that a real rocket launch or is it a bubble? similar to mar's perseverance, the final result is mostly artistic value in the preset with potential scientific value in the future.

uber/airbnb have demonstrated their value, even if it turns out it may be much lower than their prices at their height of social hotness. what is bitcoin's?

IMO bitcoin has theoretically infinite value because it is about signaling. this signaling is 'worthless' from a practical standpoint but is priceless from a coordination/symbolic/faith standpoint. the king is just a hooman yes, but kill the king, and REAL anarchy happens.