Closing the loop of externalities is the way to solve Russell's Catastrophe.

2026-10-12 · Bits and Bobs 10/12/26

Closing the loop of externalities is the way to solve Russell's Catastrophe.
- Making it so the person who owns the upside also owns the downside.
- The system goes from convex and self-accelerating, to concave and self-balancing.

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