Category: Internet Culture

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Finance Internet Culture Startups

Day 853 and Alignment on Our Consensus

Some narrative wars are being fought right right. Who owns the future and who gets to decide on what something is worth? That question is rippling through AI communities and crypto DAOs. And then the Federal Reserve raised another quarter point and Balaji explained probabilistic thinking and it went over everyone’s heads. And the beat goes on.

We are all looking at the consensus making in the market and applying our separate projections onto the great stage of guessing if you think you know what other people think everyone knows. What is common knowledge. Turns out calculus is useful!

You’d think the value of an honest days work would be common knowledge. But labor costs sure have gone up. Or maybe a gallon of milk. Politicians don’t know. How much do you get for a dollar? I’d like to know if you think it has changed. These are things you can evaluate yourself. You do not need a fancy expert. Though sometimes economists on Twitter will answer your questions.

But are we aligned on the measurements and valuations being used? What do you value vs Janet Yellen. I believe we have a right to ask for the people and technologies that run our lives to be accountable.

We have to agree on some collective civilization level norm on what we value and what the boundaries are on what things are worth and how we protect those valuable things.

It’s my personal opinion that we are all performing a bit of chaos magic as we ask that we align on a future that can collectively together build the most aligned consensus of agreement. Maybe it happens at the neighborhood level or maybe it’s a whole state. But we need to agree to some terms.

How gets to do that and how do we enable them? Maybe it’s humans. Maybe it’s humans guiding machines to make us more powerful. I myself believe that machines will need a valuation mechanism to sort priorities on our behalf.

People ask if I’m on team AI or team crypto. AI needs crypto to bridge the many different value sets and marketplaces together. Some of these types of value marketplaces may even be cultural values. That’s the goal of the network state. Align with the state that empowers your values. But then these states will also need to coordinate in various states of mistrust, distrust or if we dare trustlessness.

But aligning on how we govern and what rules we must abide by is a hard problem. We’ve relied on national liberty in America for a good while and it has produced many failures along the way.

But occasionally the utopians win a few rounds. Freedom does indeed reign it just takes a lot of fight. But we work to align as many of us as possible toward a consensus. Nobody said civilization was easy to maintain.

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Chronic Disease Internet Culture

Day 851 and May Day

My husband Alex is currently being main charactered on Twitter for posting his distress that the cleaning service we use once or twice a month put his cast iron skillet in the dishwasher.

Spent a year seasoning this guy and a cleaner ran it through the dishwasher

As you will learn from a perusal of the 650 or so quote tweets, this Tweet is horror of privilege, class tensions and social inequality. Division of labor is bad and paying people to do a service you could do yourself is also (inexplicably) bad. It’s my opinion that this response is mostly fear that our capacity to earn a living through labor is diminishing. Happy International Workers Day!

Twitter has been so broken that it’s been a while since I’ve seen a context collapse happen to someone close to me. It’s been pretty fun. I’d almost forgot how ridiculous Twitter can be.

Now, of course, it’s impolite to drag someone on Twitter. But being upset that a professional fucked up a paid service is however kind of Twitter’s whole vibe. Being a cleaner is skilled work. You don’t put cast iron in a dishwasher anymore than you’d toss a wool suit in a dryer. But you can’t take knowledge for granted and Alex fucked up by leaving the pan on the stove.

Alex is sad for to have lost something he values. He is a talented chef and treats his tools with care. The seasoning came from a year of cooking. The skillet can be repaired but a year of cooking only gets replaced by a year of cooking. Loss is part of life.

But as this May Day viral Tweet indicates, any public display or experience that suggests you have privilege of any kind can quickly turn into a dim witted undergraduate seminar where it everyone is failing basic critical theory. Power is complicated.

I’m particularly amused by the jealousy on display as the reason we have a cleaner come once or twice a month is because I’m disabled. I have a chronic inflammatory spinal condition and my husband is my primary care giver. Typically disability is recognized in the wider pantheon of intersectionality as a disadvantage.

But intersectionality isn’t nearly as fun for dunking as inchoate rage. Much better to enjoy a little consequence free social opprobrium by laughing at those awful wealthy startup shitheads who pay for services. Fuck us!

I don’t desire any pity for my disability. But it would be silly to pretend that simply because we came into some money that I don’t have any problems.

Without treatment I was bedridden and unable to walk. So when we had some startup investments exit it was an relief to feel like we wouldn’t be in lifelong medical debt. We hire services as it allows us both to work. And I work because our medical bills are insane. Fun loop right?

Whatever you take away from this, I’d argue it’s good to care about power, community, skills, disability, labor and ending the culture wars. I’m glad this happened on May Day. We will continue pay a living wage to our skilled service providers. We are lucky it’s within our means. We pay $150 for three hours and we will continue to put our money into our community because that’s the whole point of rich assholes. Now go watch some Downtown Abbey.

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Community Internet Culture

Day 850 and Complicated

I’m coming off of a very intense week having been in Texas at a conference. I have a lot of integration work I need to do on the ideas and emotions I was exposed to during the week. If you weren’t following along I talk about erasure, inclusion and summer camp among other topics and I’d definitely click on erasure if you haven’t read it.

I’ve got some complicated emotions on how the wider crypto industry and our ambitions for decentralization and power sharing will play out. There was a lot more building energy and a lot less fluffy grifts but trust in any of what is being built is at an all time low. And it’s basically our fault. So that’s always fun.

There was talk of throwing the governmental eye of Sauron onto the artificial intelligence community so crypto can catch a breather. I felt like this was exceptionally dangerous as an attitude as I believe crypto only really matters if artificial intelligence succeeds as machines need machine money.

I’ve been doing a lot of work to seed what I consider to be genuinely underserved communities who have been excluded from mainstream computing’s benefits as I think we all deserve a say in how currency and monetary systems will work in the future. The dissidents range from the transgendered sex worker to insular religious communities.

Power sharing remains a challenge for humanity and our incentive structures are producing a number of second and third order problems. I remain committed to a pluralistic community that maintains appropriate boundaries and liberties. But I sure don’t know how I reconcile that some folks are hellbent on domination and submission.

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Community Internet Culture Startups

Day 848 and Summer Camp

I’m not a camp kid. I’m told there exists a group of kids whose formative summer experiences are at summer camp and I’ve watched enough American television to have the gist of the genre. It looks fun.

Professional conferences appear to offer a similar experience to adults. You have a yearly event or two that gets together various sets of old colleagues and professional teams that then overlap with social and affinity groups. I’ve been at Consensus which is one of crypto’s many conferences but somehow one of its most inclusive.

It’s a bit of a crossover event where a lot of different factions put aside their differences and ask why the fuck are we here and what the fuck are we even building anyway. And the answer seems to be every kind of kid you’d expect at summer camp. We are building a pretty inclusive place with a lot of weirdos.

You’ve got the academic nuanced protocol dorks, the tradfi to defi chads, the solar punk regenerative commons open source projects, developer tool companies, analytics firms and graph data scientists, privacy and OpSec nerds, and even the baroque online misogynists. And me, who is, I guess, a chaos magic witch or a pre-seed venture investor if you are nasty.

Crypto is for everybody and sometimes we aren’t thrilled by everyone who shows up but we do our best to make sure everyone is included in the effort. Maybe we even help cool down the radicals and maximalists right? Maybe we can reach a consensus?

Everyone who is here this year is down for the fight. There are a millions reasons why skepticism of centralizing authority and panopticon states is good. Mostly it comes down to insisting on finding a trust layer that we can all agree on. Even if you are a racist weirdo online.

And I’d imagine most marginalized identities can understand the basic skepticism how big institutions. I’ve only got a few issues (disability and gender come to mind) and even I see how institutions turn a blind eye to our needs if we don’t stand up. So we’ve got to agree on a common set of civilizational rules. If a state can’t do that then we better build alternatives fast. Trust layers matter.

So I’m glad that I’m in an aligned fight for those basic ideals. We are fighting for a consensus in a pluralistic world. Because that’s one where we can all prosper. And speaking as someone at summer camp for utopians, it feels pretty good to be optimistic. Just give us a decade or two to keep fucking around and finding out. With enough of us competing we will get there.

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Internet Culture

Day 841 and Market Always Wins

One of the most canonical pieces of knowledge in startup land is an adage from a 2007 post by Marc Andreessen. What makes for a successful startup? Product, team or market? He concludes that Market Always Wins.

Its similar to another aphorism I like. “The market can remain irrational longer than you can remain solvent” I think of them both as Newcomb’s Paradox explainers. In an irrational world, it is irrational to behave rationally. Sometimes bad shit made by bad people has a market. Sometimes good shit made by good people doesn’t have a market.

I am always interested in different flavors of the cold hard reality that if no one wants to buy what you are selling nothing else matters. You can have a great product and be absolutely brilliant but it won’t matter if nobody wants the thing.

And this is all on my mind because I don’t think anyone wants to pay for Twitter Blue The great Blue Check removal has happened and it’s not going great.

The sheer copium of the arguments being made for the value of the blue check to users astounds me. For reasons I assume have to do with emotional insecurities, the blue check came to represent something about status. But it was always a feature that was valuable to Twitter the company but not strictly speaking Twitter’s users. Twitter was a cool place to be because lots of verified cool people would talk to each other. You got to occasionally talk to them and you knew it was the real deal. This made Twitter valuable. I don’t know why this is so hard to grasp.

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Internet Culture

Day 831 and Apocalypse Meow

I’m starting to enjoy the AI doomers. It’s a relief to have someone else be calling chicken little. It’s usual my job to be a Cassandra but for once I am not aligned with an apocalypse. I don’t think we can stop the future from arriving. And I am a fuck around and find out type. It’s just my nature. I think we need to build for optimistic futures. But that doesn’t mean bad shit won’t happen even if we halt all progress. I wish.

When people say “apocalypse” you get the sense that it’s a one time event for most people. That bad things happen all at once and life is in an instant forever changer. Looks like it does in the movies. But I’m not sure the future changes like a bankruptcy. Slowly and then all at once. I think the future is what we make of it and it takes an enormous effort to make things better.

Maybe your people already survived an apocalypse. Maybe your ancestors wiped someone else out. Who knows what apocalypses your people lived through that others didn’t. I’m an American.

I bet if you could talk to your great grandmother you might find that real life is complex and she lived through hell. So why would you assume you’d even know if you were in an apocalypse right this moment.

To assume we can make things better is an ambition humanity shares. It’s kind of a wild leap into the unknown own and yet we have to do it all the time. Maybe it’s not the end of the world.

But what I do know is humanity comes from a long line of survivors and we often figure shit out and leave behind history. And even if this time we don’t well I’m sure some bit of humanity survives in one form or another.

Maybe I’ll be better adapted to this future. Maybe I’ll be dead. Either way I’m ready to get on with living my life even if the apocalypse is right meow.

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Internet Culture

Day 821 and No Joke

I’ve never been much of a fan of April Fools. I like pranks and jokes but I’ve always found the idea of forced merriment to be a bit of cultural drudgery. Most holidays have a bit of marketing attached but April Fools feels like all marketing and no meaning attached.

Despite my dislike I was surprised to see April Fool’s come around and see almost no jokes or pranks. The closest I got was seeing a shitposter buddy of mine Alex Cohen declare he was becoming a leadership poaster. Fun and harmless good stuff. But otherwise it felt like crickets.

I hazarded a guess that it might be because everyone is feeling a bit gun shy. Lots is going on and most corners of the internet feel like they could pop off at any moment. Twitter is has the tension of a neighborhood under siege in some corners. Lots of ingroup fighting is happening in particularly contested spaces like crypto and politics. You can tell it’s information warfare out there.

In that environment I guess no one wants to hazard a shot. It’s too embarrassing to consider that your fire dunk might accidentally be regarded as World War 3’s Franz Ferdinand moment. No laughing matter indeed.

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Internet Culture Media Startups

Day 815 and Kayfabe

Here is a mindfuck for you. Pretending works. The mimicry of the thing occasionally, though not mostly, can lead to having the real thing. Fake it till you make it” works if you’ve got a long enough runway to allow for take off. If you’ve judged the resources correctly is more art than science but you should still be able to do the math.

There are, of course, laws of physics to account for in all of this but your reality is more fungible than you realize. I wouldn’t try manifesting a whole fantasy world, but if you are Brandon Sanderson you might have a shot. That guy rocks.

In discussing whether it is better to fire founders or product managers on Twitter today I got to see a lot of the cargo cult culture of Silicon Valley coming off a high. A lot of people can perform innovation and we’ve maybe even got it down to being well liked by financial markets. But sometimes you actually do have to go and do the thing. And you can’t fake it.

If you aren’t familiar with kayfabe, it’s a term used in wrestling. It means you don’t break character loosely. You keep the secret even if everyone is in on it. You can take things a bit too far and the blending of fiction and reality has now given us a reality tv president.

But what happens when you don’t make the jump? Does reality crash in? Will the market punish you for not delivering on a convincing enough value proposition? Do you have to keep your ambition within some scope that can exist in our agreed upon reality? Yes of course. Fuck you it’s called civilization. But every once in a while someone goes from vapor ware to the Revolution. Don’t be so sure you can spot the difference though. Kayfabe doesn’t just fool rubes.

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Finance Internet Culture Preparedness

Day 807 and Hyperinflation

Everyone calm the fuck down and stop panicking while we consider the most dreaded phrase in Silicon Valley: “Balaji was right”.

Sometimes people use a method of persuading you from the extremes. Remember “he means it seriously but not literally?” It works, it nudges the new position into your frame of reference and anything else feels moderate by comparison. But you get to choose what you adopt. You can be optimistic, you can chose new ways of being, you control yourself. But warning: it takes so much energy and effort, which I know because I did a lot of work to adjust my life to tail risks while still believing that you have to live your life.

Also, I’m not going to censor anything, so if you’ve got an inclination to cuss me out for not being on your “side”, I’d ask you to remind you that I’m human and winging it just as much as you are. Let’s all remember our humanity.

So are we going into hyperinflation in the next 90 days with Bitcoin going to $1,000,000?

The Next 90 Days

I mean, an apocalyptic scenario is pretty hard to do in ninety days no matter what is happening. Because life finds a way and as my husband Alex likes to say, people revert to the mean. So while I don’t fucking know and neither do you, I don’t think on balance the physics of hyperinflation in 90 days works from where we are now, when talking about the US in particular.

I’m not doing elaborate math though I’ve read the materials. I can make some good guesses based on logical observations of my available data and on human nature. And I think a shock of that magnitude is basically the end of the world. And as much as I think we’ve got to end denialism about how bad shit is for a lot of people, I’m also not sure it’s going to go sideways that fast. Maybe I’m over indexing on having read Gibbon’s “Decline & Fall of the Roman Empire”.

And to the idea that “it’s ok, we’ll all just move to a Bitcoin economy: we’ve got a so much work ahead of us to make crypto and in particular Bitcoin work as a viable alternative for a practical economy it’s not even funny. I think I’m reasonably active in crypto (though probably not as much as you think on a day to day basis). I participate in some DAOs, I have bags with Bitcoin. I believe we can build a better future. But we are small and the problem is big and we need more of you to come in and build it with us if you want an alternative economy that’s actually usable by everyone.

I think this is a good thing because I have had some good experiences with how American capitalism works but I think we can do better. I have some money but I’m not .01%. I like capitalism but I’ve experienced the deep lows of navigating a chronic illness in America before everyone became obsessed with fragility. I’m not saying the systems works.

So while I think a change is ultimately coming (and I’ve made plenty of bets to that effect), I’m not so sure I want the apocalypse to come just to further that end.

After all we can’t build software if it’s the end of the world. Which isn’t a huge leap to make if the dollar hegemony collapses before August. Literally nobody wants that. But a lot of people want more options and it’s our jobs to convince them we can provide it.

So we can use Bitcoin but again, let’s not get ahead of ourselves.

Changing Systems

But I want to be transparent about what I am weighing. I believe we have some negative trends that haven’t been addressed in fractional reserve banking. I believe our world has strained trust about state run capital and currency feels inherently political.

We aren’t that far off the church and state separation, historically speaking. And it took a long time for the separation to hold. But even if time moves faster now, I’d be surprised (though not shocked) if we took down money and state in a quarter. Maybe I’m underestimating dramatically on the exponential. I clearly don’t think it’s impossible because I live in Montana and my revealed preferences tell you something. But I also live near a yuppie city and I make investments in a market economy. I’m torn.

So do I think it takes more time to unwind an empire? Yeah I do.

Do the network affects at play impact monetary policy? You tell me.

We poured a lot of cash into a lot of hands and we have the option of gossiping at scale in public. It feels like no one learned anything from GameStop but I can assure you I did. We don’t totally understand emergent behaviors. Egregores are real and we can summon demons, though we probably shouldn’t and I think it’s a little weird to do so because I’m not confident it won’t kill me.

And there’s a lot of new ground to cover. More deeply tied financial systems, and networks magnified 1000x. Last time around we barely had a functional Twitter and now we have, well ok it’s barely functional now (jk but not).

So we shouldn’t in fact continue to do that by building credibility through showing our work and support and investing in that future?I think so. It’s astonishing it’s as cheap as it is now given how much opportunity it provides. But again we have to keep building it out.

Opening the Window

Finally, one tactical issue I want to address is that Balaji may simply be trying to expand our minds on the possible in front of us and how fast we can do it. I believe the most pejorative way of describing it is manifesting but you can in fact apply energy to making a system move in your favor.

One way you do that is by opening the Overton Window on what is possible and seeing if people step up to the plate to build norms and tools that further your cultural view of the world.

So if you really believe that a change is coming and that people need to prepare for it, yes you push even farther than you might think is actually going to happen. That way, even if someone only comes halfway there, they’ve landed right where you think they need to be.

All this to say: chill out everyone – we’re living in the fastest, craziest times there have ever been and it’s damn easy to get sucked into the vortex. So take a step back, breathe, and make your decisions from a place of calm, not panic.

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Internet Culture

Day 805 and Legibility

Being inscrutable is a tactical asset in our extremely online age. As more informational influence campaigns are waged, it becomes easier to invade your headspace if you are too predictable.

I’m not saying that being predictable isn’t worthwhile. If you have a firm foundation of philosophy or religion that dictates a stance sometimes you just have to own it. I’m a libertarian and I often walk the line of what I consider to be foundational beliefs in the value of other people’s freedom in relation to mine.

But I also live in reality where the grey of living in a civilization is a lot less clear. Anyone who doesn’t admit to this fundamental tension is untrustworthy as far as I’m concerned.

This of course makes me legible. It is one of the buzzwords in my favorite online spaces. It is the art of how we make ourselves legible to others such that we can see and be seen. I rather like this philosophy overall.

But I am also quite sure that if you give someone an opening to fuck with you they probably will. It’s definitely a risk to be seen. It makes you a target. But it’s also how you become a beacon. So it’s an over under decision on how much you care about other people attacking you is up to you. But if you open about experimenting with life and how little you know it almost always turns out alright.

There is a theory of public relations, much popularized by Steve Bannon and legal discovery, called flood the zone with shit. And sometimes not giving your enemies a sense of who you is because you are always in process of becoming more and bigger and inscrutable and then suddenly you are in the Heart of Darkness.

It was the stillness of an implacable force brooding over an inscrutable intention

Joseph Conrad Heart of Darkness

So everyone be optimistic and find your people but remember everyone is going to be playing the same game. So I’d definitely recommend you don’t cheat and play the long game.