The future

You have a society where:

•the young produce most of the real economic output

•the old own most of the financial claims on that output

That is not capitalism.

That is not socialism.

It is a hybrid pressure cooker that has only one escape valve.

4. That escape valve is non custodial, non political, non permissioned digital asset accumulation.

What you find here is that at a high level, highly resistant assets are by definition likely to share attributes of being decentralized, scarce, and timeless. This is the radical way we must imagine portfolio theory. We must live our lives within institutions for the most part (60%), but we also need to live our private lives away from such... See more

The shift underway is not unlike past financial revolutions. Just as industrial finance shattered feudal constraints, transforming economies once bound by land ownership and hereditary wealth, the cryptoeconomy is removing the final inefficiencies in capital formation and allocation. Where feudal lords once controlled economic opportunity, and... See more

When literally everything becomes television, what disappears is not something so broad as intelligence (although that seems to be going, too) but something harder to put into words, and even harder to prove the value of. It’s something like inwardness. The capacity for solitude, for sustained attention, for meaning that penetrates inward rather... See more

As the role of the individual in value creation becomes more commonplace, the next evolutionary step is toward software that is not only built, operated, and funded by individual users—but owned by users too.

Web3 was born out of a desire to decentralize the control and ownership that characterized Web2. It was a response to the centralization and monopolistic tendencies of the Web2 era, where a few giant corporations held the reins of power.

The core principle of Web3 was simple: users should have ownership and control over their data, digital assets,... See more

Asking “What problems do blockchains solve?” is like asking “What problems does steel solve over, say, wood?” You can make a building or railway out of either. But steel gave us taller buildings, stronger railways, and more ambitious public works at the outset of the Industrial Revolution. With blockchains we can create networks that are fairer,... See more

Christianity once scaled because it promised salvation to anyone. Buddhism spread on the claim that anyone could reach enlightenment.

A modern analog would have to do the same in offering dignity, purpose, and an alternative path forward for all people so they don’t destroy themselves chasing jackpots.

1. We believe the world is becoming more centrally managed than ever before, yet with growing unease and fragility in its interconnectedness alongside the meteoric rise of HPC-driven autonomous decision models - in money, but also in fundamental human rights. Therefore we must hedge against this artificial centralization by seeking a custody model

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