The goal is to understand this technology and find a way to be part of the journey.
Of course, I will have to do this one at a time. Few things are on hand now.
Why can be done for now is to keep reading and saying updated.
One of the major struggles of man over the years have been how to efficiently transport him self across space and time.
This struggle has given birth to a lot of technologies and we are at the intersection of a new definition of human transportation now.
From legs to horses 🐎, train to fuel powered motors, airplanes to rockets and an endless sci fi of teleportation.
We are at this moment at a new crossroad. Boring company of Elon Musk, Tesla leading electric vehicle, Zoox building its own form.
We are creating a new definition
Money is another.
Throughout the development of human civilization, how to transfer value between each other has led to a lot of innovation.
Little wonder that the money industry are usually the first to adopt a new kind of technology and get disrupted.
From the Stones of the Yap Island to the discovery of Gold as a precious stone and from the development of fiat backed by gold to fiat backed by promises, we’ve shaped our society with different technologies that allowed us to transfer value.
We on a new frontier.
The internet demands that a new infrastructure be created for a more efficient transfer of value among us.
One will be naive to think the status quo will remain. It won’t.
The question is what are the technologies that will shape the new progress?
Health come next
Evolutionary biology would have is believe that humans emerged the dominant being on earth simply by natural selection; the survival of the fittest.
Ever since human is, we’ve never left our health to nature. That’s has propelled us to build technologies
that shaped who we are today as a people.
But what are the technologies that will shape the future?
Genetics mutations?
DNA sequencing?
Would we cause death?
Will we make man immortal?
Will we need Elon’s brain implant or we will find alternatives?
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”As their acceptance increases, their reliability tends to diminish”
This is one of the greatest ironies of the stock market and it permeates all spheres of life.
When theories are about to be formed we resort to data from the past. Upon examining this data, we tend to draw our explanation of the past.
Once this explanation of the past is generalized enough to form a theory that can guide the future and becomes generally accepted,
its reliability starts to decline.
I found this mystery in the stock market.
Here's why it happens that way:
Price is a conveyor of information, many times you don't need to know what has happened to an asset all you need to do is see what the price is saying.
I want to be rich enough to do Angel Investing as @chamath does it.
At that very early stage of a company, it's very difficult to tell which one will win and which will not. In fact, a lot pivot of the startups pivots to doing something else different from what you invested in.
From a recent conversation with @villageglobal Podcast, @chamath said he doesn't spend much time deciding whether to invest in an early-stage startup.
If he meets you and sort of like what you are doing, he invests ”immediately.” Because what those startups are asking for
Is almost always less than $2m. In the scheme of things that too small for someone with a portfolio in billion dollars who have invested like $750m YTD.
But beyond the fact that it's small relative to what he controls is the idea of the power law.
“People ignore sponsored tweets. People skip Youtube ads. People don’t notice Google ads. Like with viruses, we grew resistant. The new marketing is based on trust. And it takes years to build trust.”
—Orange Book
This travelled so fast...
Among other things that I do, I write a newsletter called @MindWBoundary. The goal is to help everyone build a mind that can help them navigate the world masterfully.