1/ The Law of Conservation of Antifragility states that the total anti fragility of an isolated system remains constant, it is said to be conserved over time. 2/ This law means that without altering the system, anti fragility can neither be created nor destroyed; rather, it can only be transformed or transferred from one form to another

1/ One of the under-appreciated benefits to having a public persona or personal brand is that it incentivizes long-term thinking. 2/ If a large portion of the career equity you've built up is in the form of goodwill tied to your personal name and reuptationl, it becomes really, really expensive to screw someone.

1/ Reading over DoS vulnerability/possible inflation bug disclosure Bitcoin had last week was an interesting reminder of complexity of software - bitcoincore.org/en/2018/09/20/… 2/ I think it's still widely underapprecciated the degree to which modern systems are complex and interdependent.

1/ Have really been enjoying @focusmate the last few months. It matches you with a partner to help focus and has been great for getting "deep work" done, especially on the road. 2/ One of the unexpected benefits has been that I am often matched with people in other countries.

1/ Equity already works fine for the incentive alignment that tokenization (theoretically) creates. 2/ The problem is transaction costs - legal and government regulation - which make it difficult to make equity “micropayments” (e.g. to a user signing up for a service).

1/ I love this notion of emotions as adaptive mechanisms for identifying illegible (hard to measure explicitly), but useful things. 2/ The sensation of beauty is an evolved emotion to recognize useful complexity beyond that which can be made explicitly legible.

https://twitter.com/naval/status/1040634680289050624

1/ The problem of incomplete information was first addressed by Friedrich Hayek in his 1945 paper, The Use of Knowledge in Society

https://twitter.com/naval/status/1036514145988894720

2/ Hayek asks readers to consider a world in which all information is known to single individual. In this world, allocating resources in the most efficient way is just a math problem.

One way to think how you create value in the modern economy is compressing information in a way that is difficult for machines to do.

https://twitter.com/TaylorPearsonMe/status/880478068468465664

2/ Good writing is compression. Memes that catch on are highly compressed - the 10,000 hour rule is widely understood in a way the raw data wasn't

1/ There’s a lot going on in the world of Bitcoin and it can be hard to keep track of what's going on. 2/ As the market has cooled off (read: crashed) since the beginning of the year, a lot of people have been paying less attention to new developments, but the work being done has not slowed.

1/ Question for the "sound money" blockchain crowd that I would love help thinking through. 2/ There is one school of thinking about blockchain that sees blockchain more as internet 3.0, a way to rebuild the internet

1/ I was sitting in the Salt Lack City airport two weeks ago and opened the Instapaper app on my phone to read a few articles while I was waiting for my flight to board. 2/ I was just tucking into my Wendy's Cobb salad (surprisingly good btw) when I opened an article by Paul Krugman, an economist who writes a regular op-ed column for the New York Times.

1/ Implicit in the notion of "fake news" is that there is such a thing as "real news." 2/ The news is, has been, and will always be fake

1/ This May, I had the pleasure of helping organize a 2-day conference on cryptoeconomics and other weird blockchain thinking with @Ribbonfarm @JosephKelly and @PlatformPapi 2/ I've become increasingly fascinated with what you might call something like "the philosophy of blockchain" - basically rethinking a lot of assumptions through the lens of blockchain technology.

1/ The first network which blockchains are going to impact is the network of money. 2/ Money exists to solve the coincidence of wants problem by serving as a unit of account, medium of exchange, and store of value.

1/ A few predictions on the potential impact of security tokens. Starting conservative and getting more farfetched.

https://twitter.com/TaylorPearsonMe/status/1027273745491156992

2/ One likely impact of security tokens is that we will need less security lawyers. A lot of the work of drafting "wet contracts" will be replaced with writing "dry code"

1/ How exactly do security tokens work?

https://twitter.com/TaylorPearsonMe/status/1026586124578246656

2/ At a high-level, pretty much all security tokenization companies work the same way: An issuer issues a security token which represents an ownership claim in a company.

1/ What are security tokens and why should you care? 2/ Tokenized securities are just securities with an electronic wrapper around them.

1/ Over the course of 2017, we saw an explosion of initial coin offerings and a run up in crypto prices. 2/ Some crypto assets appreciated over 100x, fueling a speculative mania primarily from novice investors.

1/ Markets increase social scalability by minimizing trust. 2/ In the Industrial Era, transaction costs made administrative and managerial coordination more efficient than market coordination for most industries leading to the rise of large firms.

1/ What are the best resources you've found for cryptocurrency opsec? Particulary seed storage/recovery? 2/ My guess is that most people with hardware wallets probably have it hidden in the pages of a book in their apartment or something equivalent.

1/ In a sense, Blitzkrieg was the first version of "information warfare" 2/ The German Blitzkrieg into France was effective in large part because it devolved decisions making down closer to the frontline than the command-and-control attrition warfare of WWI