Coordination cost needs to be paid if there isn't a schelling point.
- Coordination cost needs to be paid if there isn't a schelling point.
- Coordination costs are huge.
- Schelling points make it go from large to ~zero.
- All it takes is a point everyone can agree is good enough.
- What counts as good enough changes as more and more others choose to use it.
- A schelling point can emerge when there's a critical mass of entities who can agree on one point, and as it gets momentum, it pulls in others, too.