I suspect that there are a lot of ideas  that today that are open secrets, but not yet common knowledge. 

So a lot of people know a certain thing and believe it to be true, but they don’t yet have confidence that a critical mass of other people also know that thing to be true.

When that switch slips over to common knowledge, everybody will suddenly start to act on that knowledge. The trick that prevents taking action is probably more about timelines and “markets staying irrational” type dynamics than anything else.

Pragmatism (Security) at OP Labs.
Prev: ConsenSys & Coinbase.

Attribs: Friendly, curious, introverted, mid-witted.
Chans: /eth-security /maurelian /stoicism




A doodler and computerer. I like permissive/permissionless open source, smart contracts, p2p systems, room-scale VR, and NixOS.

shazow.net

Currently: WhatsABI

Is this the "slowly then all at once" effect?

Interesting point! Though this is kind of the opposite I think. 

ie. being such an insider to something, that you think it's common knowledge when its still just an open secret. So you don't recognize that the behaviour shift is yet to come.

Kind of reminds me of when the AI boom started. When asked why they weren't invested in Nvidia, a lot a ML people just thought it was "too obvious" and missed the boat.