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Both - but we do that through making bets on great entrepreneurs who navigate what they determine is the best way forward for their companies.
We do have influence but that influence is earned rather than dictated because we believe the entrepreneur and team with the skin in the game is best suited to make those decisions.
If they keep hiking, it will "eventually" turn into debt deflation - or credit wipeout. (ala great depression on steroids)
Eventually, they will be forced to pivot. One important consideration for people is to think in terms of lag effect....ie 18 months from when actions are set in motion. Remember when no inflation, transitory inflation, high inflation.
This tightening only really started in September and Fed only reduced their balance sheet by 2.7 % last year -with subsequent damage.... If they continue.....ugly.
Because the system works in the exact inverse as today, many of the constructs change as well. Too many to list here but I have done some recent podcasts on the subject.
Depends on the region......Slow for some, faster for others.....with some ups and downs in between.
Regardless of if it is openai or others, AI is not slowing down. That plus a merging of AI and machines will remake everything. It is why that productivity gain MUST flow to society in the form of lower prices (through Bitcoin) OR it will be concentrated and used over us.
Thanks - go to the conferences, and meet some of the entrepreneurs building companies. Look at some of the ones that Ego Death has funded too. FYI - I can't tell you how many people I hired that came to me with very little experience but knew my business and had a willingness to learn and do whatever it took to help. Most people write a resume and wait for a job posting when you can hack that process by learning about companies prior to their job postings and ensuring that you are the best person for job. Passion sells - and then if you follow that up with execution and learning from mistakes....unstoppable.
Started with people. Andre Loja and I developed a friendship which turned into a relationship with the government, which turned into a visit, which turned into loving the people, Islands, and culture.
Our short term nature of spending our time trying to make enough money to escape the system IS thing giving anxiety. From a different system, the productivity of technology flows to society in the form of lower prices and frees our time.
This is a HUGE transition......that creates disruption and pain....which entrepreneurs solve. Learn about where the opportunities lie in the rebuilding of value in the new system. The companies that Ego Death has funded (and other VCs in the Bitcoin space) will be looking for talent.
Only strengthened. I see people measuring price versus adoption and missing what is happening at the network level. #Bitcoin in layers = multiple network effects reinforcing each other.
Can't believe that it is not more widely understood and that we have this opportunity.
Naturally, it will trend that way in the new system because of incentives. AND - if companies try to rent seek, they will be disrupted over time.
Think openai can probably tackle the first part. Not sure about it getting implemented by governments though. :)
Absolutely. Each of the 3 mentioned above has the potential to create multi billion dollar exits by delivering value to users.
It is why I'm so excited about this developing space. Like the early internet, but more powerful.
I seriously can't answer that......too many good ones + at this stage of investing, you never know what entrepreneurs and their teams do to break through walls and create value. In previous investments, sometimes it was the company I thought had little chance or was against the wall, that ended up pivoting and creating the most value.
I'll never say never, but so far plan has been to update the content and give away for free.
The one thing about a book though, is that it "seems" to reach a larger audience.
GENESIS