The Invisible Hand's Visible Swarm

• Entrepreneurship is the invisible hand directing capital and talent toward solving problems.
• The biggest challenges attract a swarm of talent and capital that grinds them down until they're largely solved.
• This should mean more volatility as the swarm moves faster and faster, but it should also mean that we're knocking down problems at a higher and higher rate.
• Over time, the swarm attacks, the volume and types of people and capital each problem attracts evolves, and the problems that attract and hold the swarm's attention will undoubtedly get fixed.

The “Greentech bubble” Of 2006: Greentech investing attracted a swarm of entrepreneurs, and those entrepreneurs got to work building new solutions and scaling the deployment of existing ones, and over the past decade, the cost of energy from renewable sources has come down dramatically.

Today, a new climate boom is underway.

This is a problem that needs to be solved and there's no better way to solve a problem than by attracting the swarm. Climate Tech is the next frontier of the swarm.

• Space exploration in the United States had been stagnant for decades when Elon Musk launched SpaceX in 2002.
• SpaceX did the near-impossible over the course of two decades in order to finally attract the swarm.
• By laying out his vision and plan, he was able to attract the most adventurous and passionate part of the swarm to help make it a reality.

• The swarm explains why web3 is so controversial. To some, it's Fast on steroids.
• To others, it looks like the ultimate swarm hack: a product with money baked in, designed to attract talent and capital despite having no real impact.
• UX issues, mini-bubbles in categories like DAO tools, high transaction costs, etc - are classic cynic traps. By pointing at them, they're only directing the swarm to solve those problems, like those fun dancing tarmac traffic directors.

• The swarm is attracted to big problems and has proven its ability to solve them.
• Companies come and go, and technologies get hyped up and fade away, but eventually, the swarm smooths out problems until the sexiest, most challenging things are just boring, normal industries.
• Extreme optimism doesn't necessarily lead to apathy.
• We need to do everything possible to let the swarm attack the biggest problems.