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And, like traditional innovation clusters, bubbles encourage deep specialization. You don’t have to build the full stack if you know that every layer is being worked on by someone else; instead, you can focus on the layer you know best. Finally, the bubble’s combination of long-term certainty (“This will happen”) and short-term radical uncertainty (“I have no idea how to make this work right now”) creates an environment that incentivizes information sharing.
Boom: Bubbles and the End of Stagnation
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