Scarcity is a context dependent good or evil. Web3 is forcing a (bad) scarcity. Consumerism is forcing a (bad) abundance. The immune system fighting the unchecked growth of tumors is (good) scarcity. The mind's ability to attain infinite knowledge is (good) abundance.
Eat when it makes sense, but also, fast when it makes sense.
...most of us have grown up in a society that exalts wealth, and we have disowned and denied the other side of the polarity: a love of scarcity. In doing so we make our love of scarcity unconscious, and thus scarcity synchronously shows up in our lives, until we agree to consciously, deliberately, “insanely,” shamelessly love it. The Great Work involves making the unconscious, conscious and thus changing the locus of our agency and taking charge of our own fate.
Existential Kink, Carolyn Elliott
Scarcity and ubiquity can both matter, depending on the context.
Alchemy, Rory Sutherland
On a compute basis, blockchain networks don’t scale except by becoming the very same plutocratic and centralized systems they allegedly were designed to replace. There is an absurd cost to trying to do censorship resistant computation. In this regime there is a hard incentive to minimize program execution time because the entire network is forced to recompute every single program as part of it’s insanely wasteful process of attempting to reach consensus about a giant global state machine. This inevitably drives the cost per program instruction into the stratosphere. The Ethereum virtual machine has the equivalent computational power of an Atari 2600 from the 1970s except it runs on casino chips that cost $500 a pop and every few minutes we have to reload it like a slot machine to buy a few more cycles. That anyone could consider this to be the computational backbone to the new global internet is beyond laughable. We’ve gone from the world of abundance in cloud computing where the cost of compute time per person was nearly at post-scarcity levels, to the reverse of trying to enforce artificial scarcity on the most abundant resource humanity has ever created. This is regression, not progress.
Web3 is Bullshit
You get truly rich by owning things that increase rapidly in value.
This can be a piece of a business, real estate, natural resource, intellectual property, or other similar things. But somehow or other, you need to own equity in something, instead of just selling your time. Time only scales linearly.
The best way to make things that increase rapidly in value is by making things people want at scale.
How To Be Successful - Sam Altman
Using 2020's tech in a 2010's game
Highlight clipped from stream: WHY VSC WHEN YOU CAN VSC THIS STREAM INSTEAD
Highlight clipped from stream
Each week, I send out something that looks like this. Sign up below if you want in!