1 This is what it feels like to move from the extraction economy to the ownership economy
2 There's been plenty of talk about the "creator economy" which is about the interface between the digital symbolic layer and original creations
3 We are looking now at the economic multiverse. Do you all remember the "Sharing Economy?"
4 Guess what? The "Sharing Economy" was part of the extraction economy the whole time. People aren't "sharing" rides and homes because of any kind of love vibe.
5 Extraction economy is accelerated by AI bots. AI bots programmed to squeeze humans to increase revenues for tech giants. Facebook and Google are choking out organic traffic and are "levying taxes"
6 People and humanity are being squeezed out. This is why stories like "Pizza Man" hit so hard
7 And people are going from driving Taxis to driving @AxieInfinity Axies. #PlayToEarn #PlayToOwn through @YieldGuild @leah_cb @gabusch @Jihoz_Axie
8 So pretty much the "Sharing Economy" is just a two faced lie hiding the ugliness of more extraction. All that's happening is that megacorps are now squeezing value from YOUR assets.
9 Luckily we are now entering the realm of economic multiverses powered by blockchain-based open consensual and consensus realities.
10 This is why those driving Taxis should all join us in driving Axies. This is play-to-own. People will consent to join a multiverse economy that treats them fairly and as first class participants.

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More from @mikojava

18 May
1 Casmir Patterson @askcasmir is a brilliant entrepreneur who is working at the edge of Digital Fashion and NFT in the domain of Sneaker Culture with her firm @nftyco
2 This may be one of my most exciting episodes to date as it covers digital culture, NFT, Metaverse, Art, sneakerheads, design, intellectual property.
3 Casmir was instrumental in convincing me that the digital/symbolic was the superior domain to store value and make value attribution
Read 7 tweets
17 May
1 Mars Money is "F--k You" Money.
2 Was speaking to a friend who formerly worked on the International Space Station ISS. Well not literally "on" the station. But he worked on that project while on earth.
3 His insight was that SpaceX was at the time largely being funded by "F--k You" money aka very very wealthy individuals
Read 13 tweets
15 May
1 Darkside is absolutely amazing and worth studying krebsonsecurity.com/2021/05/a-clos…
2 DarkSide is responsible for an attack that caused Colonial Pipeline to shut down 5,550 miles of pipe, stranding countless barrels of gasoline, diesel and jet fuel on the Gulf Coast. DarkSide cybercrime gang earns $15 billion in annual revenue.
3 First surfacing on Russian language hacking forums in August 2020, DarkSide is a ransomware-as-a-service platform that vetted cybercriminals can use to infect companies with ransomware and carry out negotiations and payments with victims.
Read 13 tweets
14 May
1 The degen movement has been the source of many activities that have ranged from concerning to consterning.
2 as a subtribe of DeFi it is prone to deliberately provocative coordination such as Gamestop and Dogecoin
3 From the BUILDL perspective it can seem childish and even at times self-destructive, as it can involve malignant market manipulation and questionable "leadership" ethics and regulatory postures.
Read 14 tweets
12 May
1 How to start with cryptocurrency a guide for the beginners in your life.
2 First step. Realize that this is a multi decade journey like the creation of the consumer Internet and that we are all still early. Very very early. Relax.
3 Ok how to start? Start small. Take an amount that you can imagine throwing into the Grand Canyon.
Read 11 tweets
12 May
1 Speaking with @leokcheng of @creamfinance on the @mikobits show #DeFi #cream
2 Leo talks about Capital Efficiency, one of the main problems solved by C.R.E.A.M
3 He makes the astute point that TVL is to a degree a measure of inefficiency. You kind of want your value moving around and doing things.
Read 10 tweets

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