AI is great at summarizing current knowledge, then
combining it and synthesizing it.
But it’s not good at expanding the frontier of
knowledge.
The best way to equip yourself for an AI world is to
live an interesting life.
Some people offer always the same solutions: "more surveillance tech, more bureaucracy, more centralized control, and… indeed… more pay money for more experts so they can be wrong about more stuff".
I don’t have faith in people who are pessimistic. I have faith in 7 billion people coming together on the Internet and finding solutions to every issue. Whenever I have a problem I can find the solution pretty quickly online.
Is this the end of central planning?
Is this the begining of Creative destruction to driving the next renaissance?
So, have no debt and invest in next gen tech.
And above all, belive in human spirit of innovation.
Rug pulls are part of the game…but the worst part of the game.
If you haven’t heard the term before, rug pull is: when the team behind a crypto project abandons it and runs away with the $$.
I welcome this type of regulation. Crypto can’t be such a minefield, for more adoption.
NFT Challenges
Smart contracts are like vending machines.
A vending machine is a simple contract. Put 2 coins in. Get 1 snack out.
You don’t need any lawyers or judgment calls. It’s a yes or no deal. No coins. No snack.
In crypto - there is no 1-800 number to call when your smart contract isn’t coded properly.
No re-do’s. No takebacks. Or as they said in Dumb and Dumber, You can’t triple stamp a double stamp! Stay vigilant with your smart contracts!
Nike releases their first metaverse sneakers: CryptoKicks. The cheapest pair is going for $9k right now. No wonder brands love NFTs. Why bother making real shoes and selling them for $100, when you can make virtual shoes and sell them for 100x the price?!
15. The losers will be savers; retirees; and those relying on insurance, annuities, pensions and fixed-rate bonds to pay their bills.
And I think the biggest winners will be D2C Ecommerce with high demand demand and controlled supply.
14. Investors should expect persistent inflation until the Fed causes a recession. At that point, stocks will crash and inflation will morph into deflation.