Tag: Social Capital

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Community

Day 1085 and Openness

I make a living pricing risk. I do that through investment but also a few highly specialized skills I deploy on behalf of founders of startups.

The shortest articulation is that I am very good at spotting subcultures and helping them come into the mainstream and find a market that will pay them.

Not all markets are liquid and lots of arbitrage happens between types of capital. Sometimes a culture doesn’t survive contact with the mainstream. Sometimes that’s not a bad thing if the culture can’t self police.

There have been three core subcultures that make up my world and have been core to the history of the American west. Hippies, hackers and hipsters. I contain bits of each. I made an early career in prestige industries like media, fashion, and cosmetics (hipster) but I was born into a Silicon Valley family (hackers) and raised by a counterculture mother (hippies).

I’ve got that particular syncretic experience that so typifies “Grey Tribe” as our values have often been at odds with institutional power but we are perfectly fine with wider coordination mechanisms being chosen at different levels of abstraction. This is fancy speak for we like markets but don’t seek them for every problem as trust is a personal choice.

I am feeling as if the openness of my tribes is under attack because signaling mechanisms are breaking down. Seeing bad behavior is always upsetting. Lots of groups are seeing enemies on all sides and sociopaths seeking power. It’s a bit depressing. All of the nodes of our network need to do a better job at signaling that some risks are unacceptable. You need to maintain openness but not so open your capacity to judge risk is affected.

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Chronicle Media

Day 1075 and Behind The Scenes

I am a firm believer in doing as much journaling in public as I can as it’s a forcing function for myself as a thinker but also because it allows others to locate me in the vast expanse of an increasingly fractured virtual landscape.

But sometimes I have to do work that I can’t make immediately public. A lot of what I do never gets put public and I have to find ways to remind myself what I was doing without being glaringly obvious about it when I must keep someone’s trust.

Also because most people are mostly concerned with themselves vague poasting can do a lot of the work. Everyone will assume it’s about them. Cue Carly Simon “you’re so vain!” But most people won’t bother to ask.

A fair number of people rightfully don’t feel like they are public figures even as increasingly we all live some version of our lives in public. So a lot of social cues go into protecting trust.

Internet native people like myself have come to accept that there is no privacy. The divide between generations is probably less clear than you’d expect. But if you grew up online you know you can’t always control where your content and identity goes. Controlling it is like controlling the weather. Only conspiracy theories believe it can be done and they probably agree on who does it. Sorry there’s a joke about how the internet is filled with Nazis.

Security online has mostly come by through obscurity. But that’s not an absolute defense as anyone with a little bit of forum skills can absolutely fuck your life. This will only get worse as artificial intelligence helps us sort through things.

The Zoomers are particularly good at this and they grew up with things like swarming, catfishing and other hostile virtual low trust behaviors in anonymous environments. Honestly internet hygiene is for shit but basic common sense can do most of the work. So stay safe out there and remember some people live on attention. Be careful how much you give them.

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Culture

Day 1071 and Easier Than You Think

I’ve got an intuition about performance and prestige. I believe all things being equal, if you are talented it is easier to get ahead in a prestige industry than a performance driven one.

My theory is that when it’s all performance your competition is stiff. When the workforce isn’t compelled to perform, it’s easier for you to win if you are good at what is valuable.

My intuition comes from having worked in several prestige logic areas including media, fashion and cosmetics. Some of the workforce in those industries do it only for prestige so compete merely on metric. If you can the level that makes the business make money or achieves the goal of the organization you out level those driven by only prestige as you perform.

Many industries compete on social capital and prestige which are different simply from doing the job well.

So I’ll say this probably applies to approaching anything considered valuable. Attractive women, the very famous, and similar dynamics. People assume they can’t compete.

But if you have the native skills for what is actually valued you can probably hack it by taking a shot. It might be easier than you think.

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Community Finance Startups

Day 1070 and Allocating Personal Capital

As part the part of Twitter called TPOT comes into its own power the topic of resource allocation and how to route projects to sources of capital game up with Brooke Bowman of VibeCamp. It is a key question for Network State like entities that will need to navigate social ties.

I want to share how I do it as I’ve rooted some amount of capital across very different communities. I do it with some sets of intuitions I’ve gained from existing in a very powerful network of interests that are “The Silicon Diaspora” which is a syncretic coalition.

Much of it comes down to very specific context of what others are looking for in terms of outcomes. Investors with a specific thesis are much easier to work with for this reason. I try to express mine clearly at chaotic.capital and express myself actively through revealed preferences. I assume nothing is personal & everyone is working with some amount of emotional reactivity as it’s a human business.

A lot of it comes down to knowing who is a node in your network that can redirect it to someone who believes their resources can see a good return on their goals that are varying levels of abstract and personal. Skills and passions vary and this is good. It’s a mix of social capital, actual capital, and attention and it’s a giant game of inference

Some folks very good nodes and quite open to a range of different types of projects. Sometimes it’s just as simple as asking if they know someone who knows someone. I see a lot that isn’t in my own thesis but it’s in my own interest to pass it to others for whom it might be. The ecosystem approach has maximum strength when it’s played as a multi-agent pro-social game.

Also you almost never know someone’s full history so taking any reaction super personally is something I find to be too much for my own emotions. And I know a lot of history so if I can’t do it I try to make the presumption others can’t either. Be kind but clear.

That helps avoid a lot of accidental feuds that otherwise can ignite if you try to be delicate. I find transparent assessments of my own incentives goes a long way if I express it as part of my own reason for aligning. This is how I’ve worked with communities as diverse as back to the land doomers and crypto futurists to effective acceleration.

This is a fancy way of saying I don’t think “gossip” aka information sharing is actually bad but part of the empathy process of understanding what people want to work on and pay attention to in how they marshal their capital. You intake the values of your coalition and find shared ground. You keep their confidences by expressing collective goals. I try not to overweight my goals in that process. You have to do what’s right knowing outcomes are uncertain.

Showing you understand their context, their fears and their reputations concerns helps you. An act we denigrate in popular culture actually helps you to deepen the relationships as each signifier breaks down space between two people and builds trust. So don’t knock gossip. It has evolutionary, societal and individual benefit. Just remember the ultimate outcome is about bringing people closer.

Day 146 Gossip

I believe we are in an era where individuals can exercise significantly more agency because of the high leverage nature of the tools available to us. We owe much of this to information access and that is a wide coalition of people who are exercising basic freedoms to self determine because of this march of technology.

It’s my belief that freedom to compute is freedom of speech and these digital communities represent what I hope is more effective self governance through decentralization. We must build up the social trust amongst each other by showing we value each other’s interests. I believe this to be the right thing to do for each other. It’s the human thing too.

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Aesthetics Community Internet Culture Startups

Day 1066 and Behind The Scenes of Thousand Scenes Flourishing

We are living in an era of competing totalizing narratives. We assign Jungian archetypes and monomyths to complicated people and complex situations with many variables.

We ship relationships and stan fandoms even as the meme message is that we should be shipping code and forming bonds with other people with agency.

Remember that hyperstition is about bringing a reality into being. We have agency to impact the world we live in. We have more control than ever and anyone can get leverage.

I’m so inspired to see how many communities are facing an uncertain future head on. Sure we’ve had schisms and it’s easy to judge someone else’s sincere revivalism with crass cynicism.

I prefer an optimism about what we can all accomplish when we compete to serve a need better than anyone else. I like specialization as the more knowledgeable that is dispersed widely beyond a priest cast the better we seem to do as a species. A whole world of people is calling to you to own more of the future personally.

You may wonder what you can contribute. And sure some actors are massively more agentic. I never thought I’d be in that rare class and yet I can contribute meaningful to dozens of aligned projects. It’s important to avoid dickriding. Don’t make up stories about your betters. Or at least try not to believe them.

You can be personally better yourself. You can accelerate. Now is the time to arm yourself with leverage as the world shifts. Be wary of messiahs and mercenaries but also know action is expensive.

Strong organizations have healthy value memetics. “Just Do It” frames a broader truth that humans take in a context of millions of other agents. Action is disproportionally powerful when people just play their role.

I fight nihilism. I’m not eager for the end of humanity or our civilizations. I want our flourishing. But neither am I attached to a static vision of my humanity or yours. In the image of God gives quite a bit of latitude for our species’ evolution.

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Community

Day 1065 and Agency

I consider it a positive that the topic of having agency is having a resurgence in many communities with diverse worldviews. The one throughline is that we can shape our world no matter how hopeless odds may seem. All we can do as humans is try to make tomorrow better than today. Optimism has many flavors.

There are many ways you may personally find your own locus of control in your own life. And by locus of control I simply mean tangible things over which you have actual control.

Up don’t mean “monitoring the situation” though I myself doomscroll plenty. I mean deciding that you can impact something by making it happen. You own a thing. Maybe it’s only a small radius over which you have impact. Maybe it’s broad and narrow. Markets have lots of niches for everyone.

I myself take comfort in leaning into what I can do with my skills. And my skills are unique. I am specialized but also don’t mind learning something new. I try to cultivate what they call a high degree of openness. Even though I’m not sure if always do. I trust my capacity to change when believe I can lean on others if I show myself to be capable of delivering in small ways within my specialities. Coordination brings about trust over time.

Don’t assume your betters or the “men in the arena” or someone in charge will handle it. Maybe you are the one who can fix the problem. Maybe you have seen something no one else has.

It’s also possible you are wrong. Don’t be insulted if you need to prove yourself. You should expect others to prove themselves too. Strong networks forward along information to others who show themselves to be trust worthy.

So don’t be tempted to look down on anyone’s choices. We’ve all got to balance human needs which have limits and human wants which are infinite. Not everyone is going to be happy. But we can do our part to own what is real in our own world. Reality is a collective project.

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Culture

Day 1060 and Bullying

Have you ever been bullied? I gather it’s a common experience. I am not sure if I was bullied much as a child. It’s possible I was but I think it’s equally possible I have always had enough social power that I could have been a bully myself.

I do know I was raised on stories about the importance of standing up to the powerful and fighting for the weakest. If you saw someone being taken advantage of in a situation it was your obligation to render aid. I assume these stories hindered any inclination to bully myself but I can’t be sure.

At this point in my life I struggle with whether to believe my ego and its narratives about dominance and power. Any stories I might have about being a victim to circumstances have to contend with the objective reality of how well my life has gone.

I feel it would be dishonest to suggest I’m not powerful. And I don’t feel as if I was unduly dominated or coerced by others in my younger years. Maybe I’m wrong.

A common story seems to be the intelligent suffering abuse from the stupid but powerful. Maybe I didn’t experience this because I was a woman.

I knew I was intelligent but it was not a hindrance. I don’t know if that’s a typical experience. Lots of intelligent people seem to experience social discrimination from those with status and standing that are insecure about their own intelligence. I was only ever treated well for being intelligent.

I suppose I’m thinking about bullying, intelligence and dominance because the current moment in artificial intelligence is focused on whether or not intelligence is what makes the difference in civilization and its progress.

I dont assign a ton of value to raw intelligence because so many other factors matters to humans. We are social pack animal. Plenty of idiots hold power and plenty of very intelligent people can barely feed themselves. But if folks who have taken IQ tests want to feel superior I can’t really blame them. I feel superior for all kinds of random non-factors like my taste and my hobbies. It doesn’t mean I am superior.

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Aesthetics Culture

Day 1053 and Revivalism

You’ve gotta have faith.

I am a little surprised to find myself discussing what appears to be a genuine revivalist movement from all walks of life.

“This particular corner of Twitter” is neo-Shakerism. The singularity is always coming is coming for the computer nerds. The rationalists are pitted against futurists. Steely realists admit to having woo sensibilities about the nature of reality.

But we are also being subjected to surprisingly archetypal forms of the hero’s journey in every single news story and social media narrative at alarmingly rapid rate. A rational man is going to want to wag the dog. We do a little kayfabe. The crowd cheers its hero.

But also mere men are elevated to strange statuses. You can believe in a cause but be unsure of the martyrs and mercenaries that fight for it. I feel like if you were really that horny for the Roman Empire you’d have more dates handy on Caesars and the savior and be a little less focused on the Gladiators and the bread and circus.

But we’ve got people who can conjure fire and this time it’s not priests but machine learning engineers who write fan fiction about British Boarding schools that are in charge. The biggest dork you know gets to summon God. It’s not that irrational to worry we’ve summoned elder gods isn’t the of the divine right? Folk stories have some meaning right?

And like sure Bayesian inferences says maybe you should worship a Flying Spaghetti Monster. I say watch out for those Babylon death culture memetics because we didn’t have the right inference field about the sun for most of history. The trickster god can be summoned as sure as the devil. Lets remember information hygiene was not good for most of history so it paid to have some prejudices.

Nevertheless the worship of men has gods has generally been iffy. And so, and I can’t entirely explain it as evidenced by the rambling writing in doing this weekend, but the hive mine of the Internet feels like a real team effort at controlling popular opinion about the arrival of the promised land.

And sure I have recency bias. While I was in Amsterdam for the Network State Conference I was missing a gathering of what amounts to Christian hippie revivalists. Another node of my network that m feels adjacent to both technology and culture was at a Catholic divinity school in Washington D.C. Meanwhile my feed makes whisper jokes of mystery cults and computational power. Worship is powerful. I’ve talked to all sorts of rationalists into new forms of woo and, magic. We speak of queens and divas and witches. Everyone is sure that something is coming and they feel the divine.

It’s within these networks of social organization and belief where I see clashes of power and organization. There are political theorists and economists contending with what a centralized higher authority might do make for more efficient resource allocation. Appeal to authority! We have any number of radical thinkers who are essentially rogue elements of human consensus who are if they seized with a little bit of “agreed on common good” we can revolutionize how we do resource allocation. Central planning is so scientific. Tith!

I feel a little bit like the drama of everyone having access to social media has made us all participate in elaborate fan fictions about who moves the world. I see all over my timeline Zoomers staning over Schopenhauer and Heidegger and Kant as if they were secret movers of history. And they are.

We’ve got a genre of signalling on the internet where if you find a theorist whose mother wrote a nasty letter to him for being socially awkward you’d get people discussing general trauma dumping. Did you understand that? I’m sorry to say you have brain worms and you’ve been trained on a steady diet of rebellion and empire. Be safe out there.

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Aesthetics Finance

Day 1040 and Easier To Be First

I was telling a friend of mine, only somewhat hyperbolically, that I’d watched “Margin Call” forty times just this year. The actual number is probably half a dozen (my blog’s search function tells me I’ve mentioned it fifteen times) but it’s still a lot for what was a niche drama about the financial crisis.

There is a speech given by Jeremy Irons that sums up perfectly why finance and fashion are fundamentally in the same business.

What have I told you since the first day you stepped into my office? There are three ways to make a living in this business: be first; be smarter; or cheat. Now, I don’t cheat. And although I like to think we have some pretty smart people in this building, it sure is a hell of a lot easier to just be first.

Being first is my game. I’ve taken it from a career in luxury fashion to a career to a career in venture capital. It’s the same fucking job.

It means I often look stupid as I see emerging trends long before the rest of the market gets there. There is a basic math to this which involves status signaling. If you are the type who must do the math to understand how status works as it’s not intuitive to you I recommend this piece.

Just remember that being first is the key to both. And your ability to be first is almost entirely a function of cool. And being cool means not giving a fuck. And if you don’t give a fuck its generally for one of two reasons. Its either because you have the status to do and can get away with it or or you genuinely don’t care.

Freedom is just another word for nothing left to lose.

Janis Joplin

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Internet Culture Startups

Day 1036 and The Right Direction

I’ve been in Europe for the last month. My itinerary included Tallinn, Helsinki and Amsterdam. It was a personal trip with work overlayed on top as the digital nomad as become a regular part of my life.

I have said it before but I don’t take as much pleasure as you might imagine from these trips. Much of the reason I spend so much time outside of America is simply that the State department won’t let in the kind of rare weirdo digital grey tribe talent from the portions of the world the United States has labeled as “bad passports.”

I’ve written about it extensively if you are interested. We’ve reached a crisis point in the dysfunction of our immigration and travel visa system in America and it weighed heavily on me and mine. It’s the most concrete evidence I have that America simply isn’t serious about being competitive in the global economy.

As I head back home to the states, I want to be sure I’m heading in the right direction with my priorities. I’ve been committed to crypto for close to a decade now. I’ve added in more focus as it’s become clearer we can’t rely on fiat and the dollar system. I’ve become part of the artificial intelligence explosion over the last two years. Now that the Network State concept is more formalized and we have rallying movements like e/acc, I feel as if some optimism is cautiously warranted. All it will take is twenty or thirty years of work and surviving the geopolitical tumult. No big deal right?