I honestly didn't believe this was a thing when I first heard about it (from an Aussie). My impression is that having ambitious plans is much more likely to win you social approval than scorn. (And at worst, people are too polite to say they think you're gonna fail)
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The expectation is that some important things will get broken. The question is whether you’re going to generate enviable value on net. California is an almost obscene economic powerhouse because it managed to aggregate extreme ambition outliers in just two major metro areas
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The crux here seems to be: On the margin, how much would it increase/decrease innovation if we changed the degree to which society disincentivizes fraud, privacy violations, etc.?
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(FWIW my intuition is that this is not one of the main bottlenecks on innovation, and that there are lots of ways to boost innovation while also disincentivizing fraud)
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