The Zuck video today for Meta might well have been cheesy but it was incredible important...maybe one of the most important things I have seen in years (although something I have expected and written about for a long time).
1/
Bascially FB (Meta) is the largest amalgamation of communities on earth and it is moving to the metaverse.
People get confused, the metaverse is not one place or one experience - it is our digital fluidity, the blend of our physical and digital worlds, diverse and unique to us.
Meta get that this is not one Ready Player One experience but an interooperable world. You or I might not trust Meta but in this new world we can just take our stuff and go to a digital society that treats us in the way we wish. Much like the internet now but we retain the value.
There might be an oligopoly on the largest metaverse experiences, much like there is in gaming and social media, but we are free to move. Some of those societies will extract too much "rent" in terms of data or restrictions but we can move elsewhere.
Apple is building AR at an astonishing rate and will act as the intermediaries between physical and full metaverse. You might not trust apple either. But that is fine...
Again, this is like digital sovereign states - but without the restrictions of physical states (at least not yet). Too many people are building out other experiences that will form part of the metaverse that maybe be less monopolist or corporatist. You choose what suits you.
DAO's create opportunities for egalitarian governance. Other metaverse experience will be autocratic. That is fine. We have choices. Easier choices than the physical world.
And all of this is possible because of the key word that Zuck uses - "interoperability". Our physical goods and our participation in a digital society will be crypto, NFT's and social tokens. It will all run on blockchain.
Make no mistake - Meta/Facebook with Diem and the metaverse experience is a way to onboard billions of people into this world of distributed ledger technology.
You might not like their model. You might be biased as to their actual model. Its too early to tell. But is IS adoption
This is what adoption looks like - it maybe not what you want, but it is what it is. Again, we have the choice to participate or not. This is very different to the physical world. Your opinion of Meta is just a matter of where you hang out.
Others will choose to use it and that is their choice. You might not like it but hey, tough shit. It is what it is and it is the future. You get the choice to build or participate in a different set of metaverse experiences.
But none of this can exist without crypto and blockchain. With out it the metaverse is just a close game.
If you think crypto has no value, you are wrong. They are the entire building blocks for this new society.
If you think NFT's have no value, you are wrong. They are everything.
If you think that social tokens have no value, you are wrong. They are the money for these societies
Be less cynical and realize that today, the world shifted on its axis. The metaverse is an entire new layer of GDP and has endless possibilities, which ever metaverse experience you choose.
There is no one metaverse. Like there is no one community, society or country,
This is something that is truly exponential. It is the future of everything but you can choose your future and your society that most aligns with you.
This is the game changer. Don't use your cynicism about Facebook. See the change.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
They should raise rates? Get back to something more reasonable according to past history, right?
But debts are too high vs GDP and higher rates will kill EVERYTHING... 1/
And this is why the Chart of Truth works...yields peak out at lower and lower levels...due to debt.
But Im a saver and nearing retirement and I want my yield! Tough shit. You aren't getting it. You simply cant. Im sorry. Its all your faults for taking on too much debt. If you didn't, then it's everyone else's fault.
I've a big obsession about music. It's friday night and its time to give a thread about songs that shouldn't have been written. Things that are musically odd but are pure magic. Original masterpieces.
This is not exhaustive but songs I just shake my head and ask how?
This is the story of creative genius and songs that are near impossible to write as they follow no normal structure. This is something I admire MASSIVELY. Song that I don't understand how someone thought of them because they are so damned unique.
Starting back in 1959 is Miles Davis Kind of Blue - an entire masterpiece album . The album is top 3 of all time The tempo was creatively bravely neither fast nor slow. It didn't fit in. It was all wrong but so right...
So many people get emotional about $ARKK, same way they do about BTC or $TSLA. I think they are positioned for the Exponential Age and the chart are looks like a consolidation to me.
Most people would suggest that in an inflation trend, hyper long duration growth doesn't work. But the bond market suggests that inflation is not the problem. The monthly DeMark in yields has worked 100% of the time. sometimes there is a re-test.
Just a few small excerpts from todays Real Vision Pro (like a cut down Global Macro Investor created with my partner @JulianMI2of @MI2Partners - different perspectives add huge value, just ask our members).
BTC continues to follow 2013 very well.
I think there is a decent chance (not a certainty) that this BTC cycle extends longer in time and higher in price...
Here is the chart using the uptrend from 2015 low... same outcome.
You can be angry at central banks, government, debt, demographics or politics and how it affects us all or you can be optimistic and migrate to the new world of digital assets. The choice is yours.
If it’s of any help to those that feel like they don’t trust this new world, I am blessed to have as friends many of the worlds most famous and successful investors and a huge percentage have moved to a hybrid of traditional strategies plus Exponential Age tech plus crypto.
You can bet with them or you can write them off as fools. But do you want to get against; Soros, Tiger, Moore Capital, Tudor, Brevan Howard, Balyasni, Etc. They are all involved as are many more from the Gov of Singapore to Abu Dhabi.
If you don’t see by now that the tokenization of everything is the biggest thing we have ever seen and will ever see, I cant help you as much. It dwarfs all other opportunities for risk reward over time. Web 3.0 is something few yet understand but will change business forever. 1/
I’m working on getting RV into that world over time. So much cool shit in our plans!
But I’m working on setting up some other projects too.
Hedge funds in crypto produce amazing alpha but are capital starved. I’m going to solve that with a crypto fund of funds.
Sadly that is currently only for HNW and institutions as laws make it hard for normal people.
That launches very soon and solves some big issues for crypto hedge funds, family offices, investors and institutions.