Profit is value extracted from society. Sometimes it is used to create further value in other ways, sometimes it is used to extract further value.
Why aren’t you doing this exact thing?
I think one thing I needed to learn as an adult is that it’s okay to not want to do things, and to continue to not want to do them, to complain about not wanting to do them (mentally or in some appropriate channel) as I…
This depends highly on the program you are doing. Often, STEM grad students will get paid a stipend but 50k sounds pretty high for a Bio major, and it could include having to do a lot of teaching. I’d guess CS PhDs and…
Sam Vaknin and other youtube personalities surrounding NPD are people who make a lot of money convincing you they uniquely understand this pervasive threat and can help you protect yourself from it. They don’t have…
I think Kindle might be the ideal situation for this kind of strategy, as I imagine ebooks have healthy margins, the store lock-in isn’t total or even that inconvenient but it’s enough to funnel sales their way most of…
They generate value to society, not profit. Any amount of profit extraction comes at the expense of value creation.
This is pure hypothetical, but I bet Reddit could derive an internal reputational number that is a combination of both karma (free and potentially farmable) and awards (that people actually pay for or that are scarce…
I recently started a course of TMS (transcranial magnetic stimulation) for my treatment-resistant depression that’s been affecting me on and off since I was 13. Every weekday I go into the doctor’s office for twenty…
Profit is value extracted from society. Sometimes it is used to create further value in other ways, sometimes it is used to extract further value.
Why aren’t you doing this exact thing?
I think one thing I needed to learn as an adult is that it’s okay to not want to do things, and to continue to not want to do them, to complain about not wanting to do them (mentally or in some appropriate channel) as I…
This depends highly on the program you are doing. Often, STEM grad students will get paid a stipend but 50k sounds pretty high for a Bio major, and it could include having to do a lot of teaching. I’d guess CS PhDs and…
Sam Vaknin and other youtube personalities surrounding NPD are people who make a lot of money convincing you they uniquely understand this pervasive threat and can help you protect yourself from it. They don’t have…
I think Kindle might be the ideal situation for this kind of strategy, as I imagine ebooks have healthy margins, the store lock-in isn’t total or even that inconvenient but it’s enough to funnel sales their way most of…
They generate value to society, not profit. Any amount of profit extraction comes at the expense of value creation.
This is pure hypothetical, but I bet Reddit could derive an internal reputational number that is a combination of both karma (free and potentially farmable) and awards (that people actually pay for or that are scarce…
I recently started a course of TMS (transcranial magnetic stimulation) for my treatment-resistant depression that’s been affecting me on and off since I was 13. Every weekday I go into the doctor’s office for twenty…