Network capital is vastly overrated/overvalued relative to financial and knowledge capital. People waste too much effort acquiring it
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To elaborate, "network capital" is really zero-sum attention mercantilism at best, negative-sum lemon-market for scenesters at worst
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To turn networking into a schumpeterian economy, attention has to be a positive sum game. Free up more attention than you consume.
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Among the subset of people who are doing that, attention economy runs a steady surplus...so long as you keep the attention mercantilists out
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I'm not so sure it is under current models of network capital, which conflate mechanical and "chemically active" links so to speak
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I think humans have a bias that social connection more valuable than actually is in modern world, b/c social was main wealth in deep past.
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The only thing that makes life meaningful is our real social network when capital erodes these meaning disappears we get epidemic depression
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I see it as an extraordinarily powerful force multiplier. It's an edge, but not much good without something behind it






