Naval Ravikant quotes on scaling
Indian-American entrepreneur and investor. He is the co-founder, chairman, and former CEO of AngelList.
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1
Scaling a company via code and contracts instead of via people mitigates the Principal-Agent problem. Scaling via community-generated code and content mitigates Hayek’s Local Knowledge problem.
2
Blockchains have high internal coordination costs for security and stability and lower external coordination costs for social scalability.
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