How did I do that? I don’t really know what happened. I’m scared I’ll never be able to repeat that again.
Kai Lenny
With nonpayside activity, there’s no immediate gain, but neither is there immediate risk, and this is tempting to us.
Jim Camp
The general precautionary principle delineates conditions where actions mus e taken to reduce risk of ruin, and traditional cost benefit analyses must not be used. These are ruin problem where, over time, expose to fail events lead to certain eventual extinction. While there is a very high probablity for humanity survivng a single such event, over time, there is eventually zero probability of surving repeated exposures to such event. While repeated risks can be taken by individuals w/ limited life expectancy, ruin exposures must never taken at the systemic/collective level.
Nassim Taleb