calvadev on Nostr: The Sovereign Individual "theory of the firm" is playing out, slowly but surely... ...

The Sovereign Individual "theory of the firm" is playing out, slowly but surely...

quoting nevent1q…0sl5

Being too early is just as deadly as being too late.
[Thomas Edison's concrete houses](https://en.m.wikipedia.org/wiki/Edison_Portland_Cement_Company), any startup with a novel product society isn't ready for yet, "the market can remain irrational longer than you can remain solvent", etc.

What if Bitcoin - in this accumulation stage - is the first viable backstop to that problem? If an early innovator holds enough bitcoin and the price appreciates just more than their overhead, they can stay "disastrously early" for however long it takes to flip over into "just in time!". And society reaps the rewards of an invention it may never have seen or seen much later.

Bitcoin appears to be providing this service _to itself_ as well. That's combinaton is a goddamn civilization hack right there....

If this is true, we're playing with an **innovation tractor beam that drags the future towards the present unlike anything else** we've ever seen.

GM

quoting nevent1q…rtrx

a solo founder with low overhead and a small-ish investment might be able to stay in business for ~forever as they bring their freaky idea into reality.

I look around nostr and lighting and wonder sometimes if that's not exactly what's going on...