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Douglas_Knight comments on What are "the really good ideas" that Peter Thiel says are too dangerous to mention? - Less Wrong Discussion
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Thiel wrote a book about this 20 years ago, so it's not exactly a secret. But he has since said that he thinks it is a minor problem compared to the dying of entrepreneurship. Indeed, he said that his writing that book was an example of just following the herd, rather than producing new value.