I believe the 8-pointed chaos star was derived from Peter Carroll's description of 5 dimensional space. The up-down cross represents the three spatial dimensions, the upper right to lower left represents time while the upper left to lower right represents shadow time. You can read more about Carroll's shadow-time in the first little bit of Liber Kaos. Carroll writes "Magicians without some prior knowledge of physics and mathematics might find parts of Principia Magica challenging". I'd also like to add that magicians with a fair amount of the current knowledge of theoretical physics might find parts of Principia Magica to be hogwash.
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