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'+bootstrap'
[
2021-11-15 15:55:18] -
a: And has himself become a millionaire with multiple houses.... And you compare him to Musk who (as far as I know) owns no houses, has put himself through hell to bootstrap a company that makes products that people love, will pay more in taxes this year than Sanders probably has his entire life...
-Paul
[
2019-08-28 10:18:22] -
yeah, ok, that's fair. maybe inertia switching could be a bigger problem than i considered. but companies do switch to better things more often than humans. humans don't usually weigh the pros-and-cons of stuff whereas companies often do. there's (very little to) no chicken-and-egg issue though, or network effects. unlike, say, facebook or reddit, where you have to bootstrap a network before it becomes useful.
~a
[
2017-09-13 11:06:23] - "once enough people accept it" little bit of a chicken-and-egg problem. price stability is its own orthogonal chicken-and-egg problem. i mentioned
recently that credit-cards had to solve a similar bootstrapping period.
~a
[
2017-08-30 16:52:02] - there does need to be a bootstrap period though: when not everybody has bits and not everybody wants bits. credit cards had that bootstrap period and their solution to that problem was kinda sneaky.
~a