11/ The 10x programmer is someone who, first & foremost, deeply understands product requirements better than any of his peers, ruthlessly cut down waste in planning, design & implementation.
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22/ Hoarding without working is free riding. You are free riding off efforts of others to push society forward. The interesting question then, is at the macro level, is there a level of free riding where it becomes unhealthy? But that is a topic for another day.
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23/ *Tweets 19-22 were unclear. Clarifications here:https://twitter.com/hugohanoi/status/1021866669281406976 …
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I think this is a misunderstanding. To the degree that people hoard, the rate of improvement in the standard of living in society falls to the point that hoarding is no longer appealing or viable. The amount of hoarding will adjust to supply the demanded rate of progress.
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It's not hoarding per se that might worsen the standard of living. It's hoarding *combined with the proclivity to work less* (and reduce net production output) that might do it. Adjusting the level of hoarding (by spending more) won't do anything in that case.
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Sure, some people might step up & produce more when standard of living worsens, but the majority of hoarders will choose to wait for someone else to do it, aka "free-riding".
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