I use the word arbitrage because we're not talking about different markets in different geographies. We're talking about different markets that exist in different people's minds. If I can fundamentally understand, and believe in, a market more clearly than any other investors then my equation can change in ways that give me an advantage.
Systems do not operate in isolation. Every system has subsystems and is itself part of a larger system called reality. The various systems and subsystems interfere with each other.
This could occur in many different ways: For example, all organizational decisions could be determined by tokenholder voting, but token ownership and voting turnout could be widely dispersed among many “minnows” (persons each holding a small % of total token supply/total voting power). Alternatively, different types of decisions could be delegated ... See more
The way we see it is that in venture right now you have 2 choices — super size or super focus. W e largely sat out fundings of NFTs or other areas where we didn’t feel like we were the expert or where the valuation metrics weren’t in line with our funding goals.
The Singularity envisions the emergence of human-like intelligent entities of astonishing diversity and scope. Although I anticipate that the most common application of the knowledge gained from reverse engineering the human brain will be creating more intelligent machines that are not necessarily modeled on specific biological human individuals, t... See more