Fungibility A set of things is fungible if items are interchangeable: it doesn't matter which one of the set you own. Dollars are fungible, standard Snickers bars are fungible, the gas you put in your car is fungible. Most things are not fungible. Real estate is non-fungible: you can easily

NFT (Non-Fungible° [https://taivo.ai/notes/__fungibility] Token) Overview An NFT is a representation of ownership. Technically, on the Ethereum blockchain, an NFT is defined by the contract ID and the ID of the NFT within that contract. NFTs make digital goods scarce. Even though Information wants to be free

Optionality° [https://taivo.ai/notes/__optionality] is useless without an end goal Optionality° [https://taivo.ai/notes/__optionality] is instrumentally valuable, but terminally useless. It only makes sense in service of a goal. A life that ends with all options open, is a life with zero options realised and all

Commitment° [https://taivo.ai/notes/__commitment] reduces overhead If you're keeping all options° [https://taivo.ai/notes/__optionality] open, you spend a lot of time picking between them on an ongoing basis. You're constantly re-evaluating: should I continue with the current one, or try to find another? Commitment° [https://taivo.

To make it easier to find the appropriate quitting time, use an exponentially increasing commitment schedule. First, work for period t. When that period is over, commit° [https://taivo.ai/notes/__commitment] to either quit, or to work for a period of 2t. Then, 4t, 8t, and so forth.

Commitment° [https://taivo.ai/notes/__commitment] is a choice If you don't think about it, you might think commitment is something external to you: that it sort of happens by itself (once you're in a relationship long enough, once you work somewhere long enough, etc). It is a choice (though

Commitment° [https://taivo.ai/notes/__commitment] is valuable for your partner A partner that can commit -- romantically, in business, or otherwise -- is much more valuable than one that cannot. There's even an adjective for a person who is unwilling to commit: flaky. A partner that can commit helps

Commitment° [https://taivo.ai/notes/__commitment] is a prerequisite Sometimes, advance commitment is necessary. If you want to bake a cake you need to purchase the ingredients before you start baking, which is a form of pre-commitment. In professional life, you often not only need to be committed, but have

Commitment° [https://taivo.ai/notes/__commitment] feels good To have committed° [https://taivo.ai/notes/__commitment] to an action, especially in service of others, can be meaningful personally.

Optionality Holding an option means you can choose a course of action later. It's the opposite of Commitment° [https://taivo.ai/notes/__commitment]. Optionality is useless without an end goal° [https://taivo.ai/notes/__optionality-is-useless-without-an-end-goal]

Commitment Committing is wilfully constraining your future. The opposite of commitment is Optionality° [https://taivo.ai/notes/__optionality]. You either have to do X or you have the option to do X. (If you have to do not-X, that is also a commitment.) The "Maybe" button is much easier to