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Aesthetics Chronicle Finance Internet Culture

Day 89 and The Real Fake Fendi

What is real? Do originals exist? Can we determine the source of creative genesis when we stew in the folklore of cultural memetics? A knockoff has its own reality steeped in the accretion of culture.

I was once was asked by a tourist for direction’s to find “a real fake Fendi” when I lived in Manhattan’s Chinatown. I was honestly stumped by this inquiry. Was there a fake that had inherent realness that other knockoffs did not possess? Was there a vendor who sold the most authentic mimicry of Fendi which the tourist wished to find? I had no clue how to answer. Did they mean the realness one sees on the catwalks overseen by RuPaul? But which kind of realness? The creation that evokes the spirit of its inspiration? A realness so over the top and yet absolutely true to its essence. Or perhaps the blunt direct feedback that no construction no matter how convincing is the original artifact. Is is serving realness? I honestly didn’t know. I just told them Canal was one block north.

But perhaps authenticity isn’t the issue. In drag authenticity is manufactured. In fashions’ knockoff districts the question of authenticity is a layered confect of replication adhering to the aesthetics of the original. In some cases it actually is the original conveniently lost from some faraway inventory count. The real fake Fendi might in fact be real.

I bring this all up because in Illegal.Auction’s second collection we have curated a selection of the most outrageous instances of authenticity being the commodity sold in the NFT space. None of what we have posted are originals. They are all knockoffs. But like the real fake Fendi how can you tell? What makes something original in digital spaces. All is perfectly replicable. And no we have no new answers from Benjamin’s Art in the Age of Mechanical Reproduction either. But maybe you will. You can buy a token of these real fake NFTs. Like the real Fake Fendi realness is in the eye of the beholder.

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Aesthetics Chronicle Internet Culture Media

Day 87 and Information Processing

I occasionally enjoy dropping a deliberately provocative tweet just to see where people will land on rorsach wordings. I particularly like ones that can be read depending on your place in cultural issues haven’t reached consensus. which is exactly why people get angry. I did this on a whim yesterday asking “is listening to audiobooks reading?”

About 70% of folks said yes. 30% said no. But the reasons why were fascinating. The majority probably doesn’t care about semantics (the minority do which I will get to) but a good chunk cares about the connotations associated with how we learn or retain information. Mostly as a function of diversity and inclusion as many folks find reading to be inaccessible for reasons of neurodivergence or focus.

I relate as I don’t process audio easily so prefer subtitles and transcripts. Sometimes I feel bad about this as folks occasionally moralize about the value of mediums I don’t find accessible. There are plenty of things that I can’t engage with or experience in its original form because of disability. I’m just not particularly angry about it. But I am also left with all of the high prestige ways of consuming culture and none of the lowbrow. Like bummer I don’t have podcasts but I still have Dostoyevsky

That’s ultimately the interesting point about asking if reading and listening are similar. What do we consider to be higher processing? And does that matter? Some folks definitely moralized on the issue on. It’s sides. If you retain the information who cares how you got it. And accessibility is its own value. Pop culture is arguably more important because of its accessibility. This is why memes are folk art. They produce a very low loss form of high meaning to content ratio

A third of folks wanted about the definition used. A lot of semantics of information consumption. If you fall into the camp of caring about how we discuss information processing there is an amazing book called the Alphabet and the Goddess: The Conflict between Word and Image about the transition from image to binary communication and the changes in our neurological structures by a surgeon called and Leonard Schlain.

Like the actual debate about what types of processing is happening and how it affects our structures is worth having. But so much of Twitter boils down to the moral scolds and the rage woke fighting over ideas of worth and assigning value and status. I’d rather discuss how our minds process and that impacts the trajectory of our civilizations.

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Chronicle Internet Culture

Day 85 and Collective Progress

I am extremely online. I think it’s the best place to spend time if you want to thrive. Hands down nothing has ever beaten internet communities at improving the quality of my life on every metric. I know it sounds a little utopian but every skill I’ve acquired, job I’ve had and crucial piece of knowledge can be tracked back to the web.

I could have had a slower path in life with regular credentials and prestige building jobs with the right signals but none of those old rules have hung around long enough that I’m confident I would have made it as far in life. I needed the extra edge from living extremely online. I think we all do.

Life moves too quickly in modernity for us not to come together to survive it. Progress is going to be collaborative. Individual efforts and silos with us all competing for place and resources. Competition maybe served its purpose in a world of resource scarcity but as wealth is less dependent on rent seeking and property ownership and more on innovation and technical progress, then collaborative work has better incentives.

This may sound a little stupid but every time I ask Twitter for a ridiculous piece of advice like “ does anyone lift while high” I get incredible pieces of insight. It sounds like a dumb question and like click bait but I’m probing for similar cases of physiological response, chronic pain and a desire to biohack to better health. And yes it turns out if you have inflammation lifting weights while stoned is a great way to encourage a behavior that promotes lower inflammation with an inflammation lowering drug. It’s a virtuous cycle. And I would never have known without shitposting health nuts on Twitter. I’m not going to get that nuanced a piece of information with specific context out of a doctor or any credentialed body that works to reduce risk. I’d love to see a double blonde study proving the benefits of toking and squatting. Some knowledge is meant to be epistemic. The internet is our culture now. So share your weird finds with your tribe. It gives us all a better shot at better lives.

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Chronicle Internet Culture Media Startups

Day 84 and The Thursday Styles Problem

The Thursdays Styles problem is about zeitgeist, wealth, perception and power. The New York Times publishes its “styles” section on Thursdays and Sundays. Generally speaking if you work in media, public relations or culture, you are aware of the general trends that will emerge on Thursday ahead of time. For the sake of argument let’s say I know directionally on Tuesday in private what will be featured on Thursday in public.

If you know “what everyone knows everyone else knows” ahead of time, there is a lot of money to be made as Tuesday person. For more on the second derivative issues in zeitgeist I highly recommend Epsilon Theory. If you can sense the zeitgeist ahead of time & move to take advantage of it you can be a Tuesday person.

Alas it’s not as lucrative as you may imagine to be a Tuesday person. A Thursday person who lives exactly on the zeitgeist can take advantage of “in the moment” culture moves. Good entrepreneurs do this well. Most consumer companies hit “right on time.”

This is why venture capitalists will ask “why now” as they may have invested in a Tuesday Person who hit the zeitgeist too early and couldn’t capitalize on it. It really pisses off the founder who knows “but I was first.”

As a Tuesday person, I hate when this happens. I loathe seeing people I perceive as less capable or intelligent than me hit a zeitgeist moment exactly on Thursday. The trouble is they are right. They won. They got the timing right. I didn’t.

And yes being a Thursday mover is good. But it’s crucial to understand who can win this game. The only way to win the Thursday Styles problem is to be in finance, media or culture work that can place a call option on the Thursday future on Tuesday. You have to be able to hold an opinion on the future zeitgeist long enough for Thursday to get published.

If you cannot hold your zeitgeist long enough for Tuesday to become Thursday when “everyone knows everyone knows” being right early serves no benefit. You need diamond hands. And yes, you will be wrong 9 times out of 10.

So you need to ask yourself if the New York Times cuts a piece and it takes another week to run can you hold out? If the markets don’t make a Tuesday idea hit, can you wait till it becomes common knowledge on that metaphorical Thursday? It’s a question for all long holds to ask themselves.

It requires patience to be a Tuesday person. And it takes resources. Knowing you will look wrong for a bit. Knowing that you will lose money when Tuesday knowledge takes longer to become Thursday Style’s common knowledge. If you can hold it’s the ultimate form of future leverage. That’s alpha.

And better yet, it’s “possible” to influence. Publicists make their clients on Tuesday shine on Thursday. And capture the upside. Folks who are extremely online spot how market makers make zeitgeist hit. Cathie Wood at ARK Innovations has been playing the media in exactly this way. The largest experiment in making Tuesday thinkers hit before Thursday is Margit Wennmachers at a16z.

Centralizing zeitgeist and monetizing it with future calls with narratives they tell on platforms they own stakes in has massive potential. The smart money is turning their Tuesday zeitgeist into Thursday Styles and taking it to the bank.

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Chronicle Internet Culture Media

Day 78 and Media Panics.

Skepticism of media and its value isn’t exactly new. The powers that be have disliked letting the masses have a say since we got uppity enough to print and interpret religious texts on our own. The Catholic Church really hated Martin Luther. Yeah, fuck you clergy! Reformation forevah!

The history of moral panics about the negative influence of media is long and we are consistently skeptical of any new medium. From Gutenberg’s printing press, to social media. Even America’s founding fathers were all media skeptics despite being avid users of the eras hottest new medium the pamphlet.

But the skepticism comes at a cost. It’s after we’ve lost our history that we bemoan that more effort didn’t go into saving the Library of Alexandria from Julius Caesar’s troops or celebrating the good fortune that western civilization’s canon was maybe preserved thanks to Irish priests saving books after the Germanic hordes sacked Rome. It cost a fortune to find everything we lost from Roman and Greek antiquity during the Renaissance.

It just seems to me that if we are going to have a panic about the loathsome interests of media to preserve power and harm progress, we should maybe look at the history of who was usually interested in resisting literacy, libraries, and the free flow of information. Popes and Caesars that’s who.

I get it, neo-reactionaries want to burn down the cathedral of soft cultural power, but are sure you aren’t actually Julius Caesar shoring up your literal power? Jeff Bezos bought the Washington Post. A16z is the nexus of Silicon Valley power after just a decade investing and they are going hard against institutional media by becoming a new media power. Sure, they are historically new powers and think of themselves as scrappy upstarts, but consider for a moment that maybe they are the barbarian hordes about to be in power in our New Rome. The Germanic hordes also won, by the way.

It generally looks like the winners of these media panics are the ones who actually hold the power, even if they perceive themselves as being upstarts. Caesar, the Barbarians, and our founding fathers won and became the entrenched interests. Something about becoming what we once fought against eh?

It turns out archives are important. And it’s expensive to rebuild them during enlightenment eras. So maybe don’t be a fucking derp lord and rather be clear eyed of the motivations you have for “hating media” and desiring to lay seiege to the cathedral. At least Curtis Yarvin is actually honest about wanting non- egalitarian systems, unlike the majority of media skeptics.

I am open to critics who think the media is one-sided and self serving to their interests and political alignments. I also agree that the progress demands excellence from everyone. But how we determine excellence is very much up for debate. Media has generally been the forum through which we reach cultural consensus. And yes, it’s an ugly process and those with distribution usually win: Guttenberg died penniless, the poor entrepreneur didn’t have enough readers, and search engines without users died when browsers picked winners. A fact which I’m sure the team at a16z is aware of given how the browser Netscape made Yahoo a winner in the search wars for a time through distribution.

I don’t actually give a ton of fucks about the motivations of venture capitalists, Dark Enlightenment proponents, or skeptical rural conservatives. I think they all have a point and I’m old enough to remember when the left and labor was the dominant skeptics of media power. Back to Guttenberg, I kinda dig the narrative that he was just a hustler doing speculation, which just proves motivations and actual impact are not as morally crisp as history suggests so judging who the actual “good guys” are may be impossible in the present moment.

So what’s the path forward?

I’m generally on the side of skepticism and decentralization because distribution and archival is crucial to innovation and progress. Decentralization is hardier and less prone to sackings. I am utopian about the value of informational access in the history of achievement. That means more people having more access to information and being allowed to research, weigh in and distribute without fear so we can achieve breakthroughs in technology. That means more media not less. And yes that means significant tensions about truth and facts.

If I’m picking sides I think Balaji Srinivasan is directionally correct about the role of ledgers and citations in the media’s decentralized future. He and I don’t always agree on which players are doing good work and who are most dangerous, but we share a common goal of access to excellence.

Finally, we need to be clear eyed about our motivations and the history of how this has panned out in past media panics. There is a good chance we aren’t Martin Luther or Guttenberg. We want to be Julius Caesar. Or at very least the Germanic hordes. Which is ok. Power is good. Organizing around power can further valuable interests and anyone who has worked at a startup is familiar with the joys of banding together behind one visionary to achieve it. We should admit it. And get on with the future of information and human progress.

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Chronicle Internet Culture

Day 77 and Bedtimes

As a dedicated shitposter I have got to learn to keep the takes to myself after 9pm. It’s feels like I’ve been following gossip about the perennial “platform versus editorial” since I was a toddler (in reality maybe since I was in college) so every time a new chapter unfolds I lap it up. Mostly because I’m a sucker for media gossip and this is a personal favorite.

Last night after my bed time I starting reading more Substack hot takes (if you aren’t following people are worked up about a program called Substack Pro and what opinion writers are or are not being paid by the startup) and decided to be a dork and say shit even though I knew I’d regret it. Not the shitposting itself to be clear, I never regret a take, I just regret doing it when I should be asleep. Two hours later I’m way too worked up to sleep. Twitter is a lot of fun and I’m a high energy kind of person. Despite me being dedicated to my healthy routines I ended up not sleeping till midnight and then got woken up at 530am. So I’m a bit of walking nightmare today as I’m really too old for late night goofing off even if it’s just on the internet and not a nightclub (remember those?).

So if you see me goofing off on social media after 9pm please tell me to go to bed. Do not encourage me. Don’t feed the trolls. And by trolls I mean me

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Chronicle Finance Internet Culture

Day 74 and Unfinished Thoughts

First off I’ll admit that I don’t really feel like writing today but I’ve committed to “putting pen to paper” every day so I’m stuck with it. I have a dozen topics I actually want to discuss but I don’t feel like I’ve got it in me to be coherent.

I’ve been thinking about how the idea that all property rights are a gradient from violence to grift to institutional legitimacy and this is just how civilization codifies worth. I’m particularly interested in it because we’ve reached the NFT is a grift stage of the discourse but I’m not at all convinced that NFTs are a grift for the reasons people think.

And while I’ve made really elaborate jokes about NFTs, finance, crypto and semiotics with illegal.auction I’ve noticed people with vested interests in this category working out, really don’t want anyone to joke about it. It’s likely wise as we all have varying degrees of horror that property rights is always some degree of grift working towards legitimacy.

That we don’t like to touch on it amuses me. I suspect that the internal logic of wealth and money as always being abstraction guarded by state violence is just too much for folks. It hurts too much. It makes us angry. Surely money, wealth and inherent worth must exist in a moral framework? Good hard working people are rewarded with wealth right? If you want a truly excellent read on the subject of property rights, violence and investing I recommend this essay on emerging market investing and Deadwood by Ben Hunt at Epsilon Theory

Another topic I also want to dig into is environmental impact of crypto and energy equity but I don’t think I’ve got all the facts. I’m still very much in a skeptic phase when it comes to moralizing over the energy usage of crypto. As if crypto brought about the carbon apocalypse on its own.

I’m sure “crypto used a lot of energy” is a valid criticism until you remember we subsidize monsoon crops in deserts (they grow rice in California ffs) and we ship plastic trinkets across the globe while a plutocratic elite consumes the majority of our resources. Maybe moralizing about impact should come with some caveats on how many lives it might improve? I haven’t seen much discourse on this topic as American media leans towards a generic tech skepticism stance at the moment which is making them lean in on attacks as it’s the wrong people who are pushing the crypto agenda. But we deserve more than “environmental impact bad” like maybe it’s a net good to use this energy to decentralize finance?

By allowing the global south and the unbanked to have access to capital instruments we actually discover this is the best use of our energy resources and may distribute wealth more equitably. I don’t know yet and I’m not even confident I can find relevant statistics that won’t overstate one tribal position over the other.

At any rate none of these thoughts are coherent or useful yet but I’m thinking about how we codify wealth and property and what energy usages might be valuable for a more equitable planet. Don’t cancel me please.

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Chronicle Internet Culture Preparedness

Day 73 and Trutherism

A significant snowstorm has hit the front range of Colorado. In downtown Boulder it looks like we have about two feet of very dense wet snow accumulated at 4pm Mountain Time.

It however came about 36 hours later than predicted. And this has caused significant consternation. A good chunk of social media in Colorado yesterday turned into “snow truthers” dunking on meteorological work being a scam. Some folks made weed jokes. The National Weather Service even took time to scold the skeptics.

Even a slight miscalculation in timing seemed to break trust as it looked like the hype wouldn’t match the reality for a day. This despite the storm arriving with exactly the quantity predicted and blizzard conditions that closed the major freeways including I-25 and I-70.

I couldn’t help but notice the similarities between the skepticism of meteorology and the current distaste for the epidemiology profession. The tone was distinctly similar to culture warrior angst about how scientists continue to get forecasting wrong. And yes getting it wrong is to the detriment of freedom and business. Except that in both this storms case and with Covid19 it’s been directionally correct. The impacts of policy has been the issue but not the direction of the data.

I’m not the first to worry about people bloc distrust of institutions and their information. I engage in plenty of skepticism on a range of issues from medicine to monetary policy. But no longer trusting basic information on timing, duration and impact no matter what the field because “the powers that be” are always inherently untrustworthy is getting to be exhausting. This is going to cost us lives as we begin to distrust even the banal and easily verifiable.

Public policy isn’t the same thing as public forecasting and we’ve lost sight of that. We should always be updating models and assessing impact. It just seems like a shame that we’ve decided any error in predictive work now negates the entire body of work.

The storm came in Colorado. It was a little late. Covid was a global epidemic. I guess the only upside is that it’s a little harder to dismiss two feet of snow. Truthers eventually got snowed in just like the rest of us. We’ve already seen the consequences of not having the evidence right in your face with covid. Whole portions of the population have split out their realities. The chaos of complete institutional distrust will come to be a defining feature of the next decade. I don’t have a clue how we get it back.

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Chronicle Internet Culture Startups

Day 72 and Isolation

I’m an introvert. I do not draw energy from crowds or socializing. My energy comes from within. I like to socialize with individuals, in fact I enjoy one on one conversations quite a bit, but can easily be overstimulated by them and require a quiet period afterwards. Engagement with others draws down on my energy whereas with extroverts that engagement sustains and builds their energy. If you are curious about this framework visit the work of Carl Jung.

Despite the skill set being heavily weighted towards people skills, I suspect leaders in startup land tend to lean towards introvert. My suspicion is that it is a function of the heavily generative nature of the work, you are bringing something from nothing. To be able to consistently bring something new about you need quiet mindful time to yourself.

Sadly society, particularly professional society, is weighted for extroverts.

Open office plans, meetings, collaboration and buy in, managing up and down, all assume that that extroverted behaviors are the default positive positions for a team. Add in after office cocktails, team dinners and off site events and you start to see a pattern that privilege people for whom social interaction is enjoyable (not even considering if it’s possible or a family strain like parents).

Modern work is a battle between extroverts and introverts and the extroverts have definitely won. Which is weird as despite the Jungian tradition it may turn out that ambiverts, balanced personalities who exhibit both traits, are actually the largest group.

I’ve always loathed conferences as it depleted my energy stores for at best dubious content benefits. During the pandemic I’ve been much more willing to engage with events as instead of arranging for transit, getting polished for a professional environment, moving my productive work hours around the event, I can simply show up and learn. It’s miraculous and frankly I’m sad so many people want to move on from these accessible events as it probably means I’ll drop attendance entirely. I can say yes to a lot more if the accessibility of an event remains geared toward remote, introvert and disabled. You don’t have to be any of those things to prefer it either. Maybe you have kids and appreciate participating in the culture all those child free extroverted wealthy twenty somethings enjoyed all this time.

I’m afraid that post pandemic the extroverts will win work culture norms again. Even though we are all sick of the over scheduling and the exhausting nature of office and event culture, we miss it a little. And the boomerang back is likely to make it seem more appealing than ever. But I can’t shake the feeling that the pandemic is a bit like a societal hypochondria moment. We needed to be sick to heal our culture. Prioritizing one kind of person and their needs (the extrovert) has led to all kinds of inequalities and tensions. I hope we can come back with a little more respect for the culture and desires of introverts. I know I’ll be coming out swinging for more balance.

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Chronicle Internet Culture

Day 69 and Nice

Memes are the folklore of the digital era They lack narrative arcs in and of themselves, but their accretive nature means they contain in-jokes and stories for the communities that build them. And sometimes their simplicity is the key.

I find myself talking quite a bit about memes, virality, shitposters and internet culture a lot here in my daily writing experiment. So it’s not surprising that on day 69 of writing all I can think of is … nice. It’s big accomplishment to do anything 69 days in a row. It’s definitely nice.

Know your meme has a pretty extensive history of 69ing in general but it’s the additional layer of responding “nice” to the number divorced of any context that I particularly like. Any time a the number 69 is posted online virtually any comments section will have at least one lone “nice” to illicit (hehehe wrong elicit but it’s nice).

I learned today that one of the earliest mass documentation of using “nice” to respond to 69 was a Tweet from President Obama encouraging confirmation of Merrick Garland as a Supreme Court Justice as 69% of Americans favored it. The internet went nuts.

Because coincidence, symbols and personal meaning collide, I enjoy that on my 69th day Merrick Garland got confirmed for the attorney general gig instead. You can read meaning into anything on the internet. Nice right?