We're transitioning from fiat information — it's true because this august institution said so! — to cryptoinformation, which is truth anyone can computationally verify.
A recent talk on the ledger of record, with some slides.
Instead of simply asserting that something is true because it's from the "paper of record" or false because it's "fake news", we need an impartial mechanism for adjudicating factual disputes on the internet.
A chat with @david_perell that begins with the concept of data feeds (like weather channel temperatures, or real estate prices), how they lead to crypto oracles, and how we use that to build the ledger of record. podclips.com/c/DTMeQ9
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Oh, so you think the founder of a huge company might know something? Their success was survivorship bias. Dumb luck! As we all know, Zuck just flipped a coin and this datacenter appeared.
This is in response to the common trope that successful entrepreneurs were just "lucky". There are so many micro-decisions involved in building a company that it'd be quite a trick to simply random walk your way to infinity.
Chance certainly plays a role in many contests, and to a greater degree in investing than entrepreneurship, but to even be in the game in the first place requires some skill.
Put another way: missing one shot is luck, being in the NBA after making many shots is skill.
The 140 second portrait-mode open source free film is still in its early stages as an art form.
It flips every aspect of the Hollywood model of the 20th century.
Big screen → small screen
Landscape → portrait
120 mins → 140 seconds
Big budget → zero budget
Scarce distribution → free distribution
US-centric → global
View with crowd → view solo
Many have commented on this, and I’ve written about this before, but the full displacement of Hollywood by TikTok, Twitch, YouTube, and co is not yet complete.
Even Netflix and Amazon Studios may be seen as transitional forms, as we move to AI-generated video and VR everything.
The pseudonymous economy is preferable to ritualistic announcements of immutable characteristics. It would be more accessible for the disabled as well.
It’s not everyone’s ideal outcome, but it’s far better than this.
The thesis of the Sovereign Individual holds up well. But there are three major countertrends.
The Individual Sovereign, and Xi Jinping in particular.
The Sovereign Collective, the leverage of nomadic groups.
The Autonomous Robot, as drones also change the logic of violence.
The Individual Sovereign
Technology matters - but so do founders. A sufficiently motivated founder can change the direction of technology. And Xi Jinping has refounded the Chinese state as a formidable, centralized, militaristic surveillance machine. reuters.com/investigates/s…
The Individual Sovereign is a problem for the Sovereign Individual. A single man at the helm of a total surveillance state is just a different thing than the US establishment. The latter may well *want* to crush free speech & free markets, but lacks the state capacity to do so.
See the @rootsofprogress review of “Where’s My Flying Car” for more on the Henry Adams Curve, and the modern tendency to assume that even clean energy production is somehow bad.