There’s orders of magnitude more information freely available to everybody today, to inform even the most trivial decisions, than even the top intelligence analysts had for the most crucial decisions 60y ago. Yet we act surprised that armies of sensemakers are cropping up.
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Supply and demand tend to balance out one way or another via new economic activities long before the activities get monetarily mapped and valued/priced adequately. The real economy is always much bigger than the monetarily transacted economy in an innovating society.
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All the shitposting we do on twitter, reddit and blogs etc is economic activity whether or not money changes hands. And money does change hands... in wild, chaotic ways via random viral effects funneling attention to soundcloud etc. An unfair black swan chaos market of attention.
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Replying to @nosilverv @vgr
IIRC there was a... breaking smart email? about this? with a cool diagram and everything
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Replying to @vgr @nosilverv
maybe not an email, but I distinctly remember a diagram that had something about attention, something along the lines of "opting out / waldenponding is a bad idea", there's a diagonal across... not sure if this triggers your memory lol. black and red text IIRC. graph garbage...?
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ha yes I just found it at the same moment! jinx. this is it yes
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Ah yes, this thread is a sort of sequel to that one I suppose
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