Tag: Disaster

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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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Emotional Work Preparedness

Day 844 and Blooming

Spring is in the air. Not in Montana so much as it’s still mud season, but metaphorically. Life is blooming and blossoming all around me after what feels like a lifetime of winter. Everyone in my orbit is flourishing and optimistic about how they are choosing to live their own lives. Which is wild as I’m friends with a lot of doomers.

The cost of an exceptional springtime was quite high. The flourishing is happening amongst those in my ecosystem who addressed their suffering head on in deep dark winters of soul and body. Between the pandemic and the financial calamities in the following polycrisis, people had it rough.

I’m not saying any of that is over so much as I’m seeing people reconcile that life is just going to be bumpy for the foreseeable future. Maybe it was always this bumpy. I gather that Americans are the ones experiencing the most dissonance on a changing world because we had it pretty good for a long while.

But it’s a choice to come to terms with a fallen world. Both in the Christian sense and in the wider “shit is crazy” sense. We still need to be housed and fed and educated and kept safe. Especially if times bad. Maslow’s hierarchy of needs still applies. But if you take care of your own needs you can blossom even in hard times. Maybe even especially. Spring follows winters.

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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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Aesthetics Media

Day 829 and Parasocial

As you may have seen in past posts, I am a fan of reality television. I believe it shows us a lot about popular culture and the human dramas that resonate this us.

There is something about being let into someone else’s life that is perhaps too titillating to resist. If you watch you will begin to empathize. And as we are social animals we will want to engage. We project some of our own things onto other lives that we see only dimly through the filters of editing and Instagram accounts.

I’ve been watching Love is Blind with a group chat. To say that the messages are spicy is an understatement. We are all engaged in the high human drama of dealing with your bullshit, finding a life with someone, and seeing your boundaries with a partner. Basically it’s trauma porn. You are seeing people’s open emotional wounds. But it’s also edited to make you feel that way. And we want to look because we might learn something about ourselves.

So the last weeks I’ve spent a bunch of time having opinions about Kwame and Chelsea and Micah and Paul. I care about what happens. And not just because someone’s mom is a stripper. It’s no wonder I’ve developed a parasocial relationship with television characters.

I’ve started to care about them because I see myself in them. But it’s messier and weirder so it’s safer. Surely we are better. And yet we see ourselves in them. It’s empathizing with humanity. And quite honestly I think more of you should watch these shows. It’s good to recognize the breadth of human love as revealed in all trashy glory that is reality dating shows. Honestly it’s fucking art.

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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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Politics Preparedness

Day 808 and Left Eye

I’m literally sick to my stomach. I’ve got a twitch in my left eye. We’ve got dozens of competing factions in a massive narrative war online gunning for total social collapse and I’ve got multiple actual real live friends I care about deeply who think that THIS IS IT. Lemmings off a cliff would not be too far off as a metaphor.

There are multiple state, corporate, private entities working on a narrative collapse. Every single one of us needs to push back and say no. My only advice is to simply ignore them if you have already done basic preparations for your own life. If you haven’t it’s probably too late to do much more than treat this like a snowstorm.

Maybe Trump gets arrested. Maybe the money printer goes brrr. But you should assess your own risks as a responsible adult. Get out cash, buy some bottled water and get groceries for the week and keep calm. If it is indeed times for guns and butter the price of Bitcoin won’t matter.

I know I committed to a daily discipline of writing and I am doing it but I want to get off the internet and sleep for a thousand years. I’ll never get any work done or maintain my health and sanity if I don’t. So I am writing this and going to go about my life. You should too. And please nobody flee to El Salvador. I’ll write again tomorrow but if I’m quiet it’s because I am refusing to add any more fuel to this narrative fire.

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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.

Categories
Emotional Work

Day 806 and Inputs

I’ve had a very intense month. In the past thirty days I feel like I’ve lived an entire lifetime of emotions.

I had some exciting but modestly controversial press in Vanity Fair about how chaotic the future looks in America. That brought a lot of attention and new LPs in chaotic.capital who want to invest in solutions for living in a rapidly changing future shocked world.

Then we were off to Mexico to celebrate my father’s 80th birthday and I had to grapple with complicated emotions on being present for family and the aspirations I have for a life that doesn’t align with disability.

Within a few days of getting back I had my sense making capacity crash override my brain into a snowblind. I thought I was going a little crazy but no it was because a bank collapsed. Then I heard some dog whistles about euthanizing people like me.

And finally I realized there is no point in doing my own writing in the wake of ChatGPT4 and decided that I’d do it anyways because organic human brewed content from Montana is fun to make.

It’s been an astonishing amount of inputs into my system and I am leaving out a lot of personal life details that I’ll leave folks to guess at. As exhausting as all of the above sounds it only represents a fraction of the work and emotional energy I brought to bear on expanding myself to meet this moment.

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Politics

Day 801 and Not Today

It’s been a rocky few days watching the crisis unfolding around Silicon Valley Bank and what would happen to its depositors. We’ve received our answer.

After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the President, Secretary Yellen approved actions enabling the FDIC to complete its resolution of Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors. Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.

So that’s been a wild and scary ride and I guess we are kicking the can down the road. But I wasn’t emotionally prepared for a contagion on Monday.

Categories
Finance Politics Preparedness

Day 800 and Small Potatoes

It’s nice when a round number crops up in my daily journey of writing every single day. It’s even better when it’s colliding with the wider narratives of humans. If you aren’t paying attention to the news, Silicon Valley bank had a run on Thursday and was taken over by FDIC on Friday. Now the powers that be decide our fates. On day 800 we wait to see if anything has changed about capitalism.

I’m small potatoes so I’m scrambling for survival as much as anyone. But I’ve got a reasonably good head on me and I’ve seen this movie before. Literally. I watched Margin Call a dozen times this year. My family also went bankrupt in the 2001 crash and I was working in startup land during the 2008 crash. So this isn’t exactly my first ride on the roller coaster. I still get sick to my stomach though.

I think we are all about to have a significant conversation in America about trust and who is looking out for whom. I have my theories on how it plays out and over what time horizon. Very few of those scenarios and involves actually letting the american economy implode. But some heads will need to roll it’s just going to depend on the fates.

I really don’t feel like writing through some of this as it’s both personally traumatic because I’m a human being but also because I don’t know where this lands any more than you do. A lot depends on who blinks and who we want to scapegoat and how much we want to tolerate the unpleasant realities of who matters most. Not to be dramatic but every empire rests on a pile of skulls. It’s the degree to which this is literally true that changes over the years.