🐈

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.

the issue w/ signaling is that just like fashion, it is capricious and easily supplanted. attention is THE most scarce thing in the world. it cannot be easily commoditized.

(or can it? it seems pretty easy to throw money at individuals in china and india and get all sorts of attention. buy followers. buy reviews. buy opinions. etc...)