A way to gain influence is to accept personal risk for the benefit of a group. I.e. to become a hero.
Groups use this mechanism to solve a paradox: an individual can act in the interest of a group at one’s own detriment. On the other hand, inaction leads to a loss to every member of that group.
What does it mean to have influence? What makes an influencer?
Explanation to the HODL meme phenomenon may lie in the military history.
Gnudarve. (2017). An analysis of the impact of the HODL meme on the price stability of Bitcoin. r/bitcoin pic.twitter.com/CbbrbyEvHp— Brian Fabian Crain (@crainbf) December 2, 2017
Gnudarve made an insightful observation. Reading this comment I realized that I experienced this myself, too. I was puzzled. I could not explain why it is so powerful.
It took me time to realize that it is similar to an officer yelling at his soldiers “HOLD THE LINE!”
Contrary to what Hollywood may have us believe, pre-gunpowder battles were surprisingly bloodless. In fact, battles looked more like two masses of people trying to push each other back with relatively few people getting killed.
Until one side started running away.
Netflix should not be thought of as a streaming business. Streaming is not the business model, it’s the source of data.
Hollywood is similar to Silicon Valley. It’s an entrepreneurial ecosystem with an equivalent of venture capital — studios.
VCs have tried using data to improve their investment decisions. They had moderate success. The problem is that it’s difficult to collect comparable data sets for startups.
Netflix has it all for content.
This post originally appeared on Medium.
I believe that there are only two types of organizations and understanding them is the key to understanding innovation*.
The first, Innovators, are good at trying new things. The second, Distributors, are good at doing the same things repeatedly.