A number of my friends and colleagues have descended on Nashville this week for the Bitcoin Conference. I didn’t make the trek as southern heat in mid-July isn’t for me.
Despite being remote, it’s been easy keeping up on the event. I connected various friends who all different politics & interests. It’s been a delight to get selfies and “ussies” sent to me as my network connects in person. My virtual network exist IRL.
Meanwhile back in “extremely online” land where I spend my workday it feels as if the virtual insanity is at a fever pitch.
We’ve been recycling the same fears of virtual worlds since I was a kid. When I was in middle school the big hit was Jamiroquai’s Virtual Insanity.
Oh, futures made of, now, virtual insanity Now we all, we seem to be governed by a love For these useless twisting of our new technology And now there is no sound, for we all live underground Yes, we do, oh
It doesn’t seem like much has changed in the intervening quarter century or so. Everything is a twisting of technology as hyper partisans battle for mindshare on who decides on who can owns the virtual world and its creations.
I hope it provides some small comfort that the things we are challenged by not new. Intractable human nature doesn’t change much. So before drowning in the virtual insanity consider doing something in real life. I’d be happy to facilitate introductions.
That is actually a pretty conservative viewpoint to have. What if you can’t upend all the systems around you even if you’d like to apply something demonstrably better. Technology isn’t just gadgets. There are social technologies too. Media and money are both in that category. And it’s taken time to integrate both.
How we perceive each other and what we are owed relies a lot on both “what we’ve always done.” I think investors actually have reasonably good intuition that most “insane invention that breaks with all we’ve ever known” happens in spite of human nature and not because of it.
I am absolutely fascinated by how others read history in light of this fact. We highlight revolutions and change but as any good “nothing ever happens” nerd will tell you it takes forever.
So if you think something is going to change for good you need to make the case consistently over time. And one thing that just doesn’t change that fast is who is in charge.. Haves and have nots. The people who make the rules and the people who follow them. How you became a member of the class of people who make those decisions versus the class of person who accepts their decision is basically the TLDR of civilization. Classism appears to be incredibly hard to shake and we reorganize regularly to praise our betters.
America likes to tell itself a lot of stories about our rebellion against monarchy but it’s mostly a story about who gets to keep the wealth. Answering to your betters is enforced eventually with the pointy end of the stick and you can decide then how much you have to lose. If it’s enough (or very little) that’s when you get in trouble.
America being a break with British mercantilism has a pretty happy end of colonialism story. That isn’t true everywhere. Plenty of place kept their ruling classes with plenty of social benefits. Bread and circus is now healthcare and collegiate education. This expansion of prosperity has not gone evenly for everyone.
Welcoming in the everyone is one of America’s most cherished narratives but we we have done a lot to cherry pick other country’s the best and brightest who are otherwise stymied in political and social systems who don’t recognize them.
So when the markets crater I think it tells you something about how we all feel everyone else must feel. Some interests don’t feel good about Kamala Harris. Technology stocks cratered. Lockheed Martin on the other hand was up in the markets today.
Maybe that tells you something about who is and isn’t more established in the hierarchies of America. Maybe that should influence your actions. QQQ is not brat but the Styles section is very happy. Shondaland might have gotten the “we’d get rid of race but never class” thing right on Bridgerton after all. Anyways now is a great time to read your Thucydides.
Land grant university towns in the American west should be studied for all kinds of reasons. But right now I’d love an old fashioned long form magazine essay on Bumper Sticker culture.
The Subaru plastered in stickers was a fun punchline when I was a kid. You’d chuckle at slogans like “if you aren’t outraged you aren’t paying attention” because you agreed.
If you’re not outraged you’re not paying attentions
And now here we are in 2024 everyone is paying attention. And everyone is outraged. And it sucks. All of this paying attention making us outraged doesn’t seem improve the situation in the slightest.
And everyone is smug as hell being very assured that they have the right opinion even though we appear to have about thousand different ways to prove to yourself that your outrage is justified and it’s the other team isn’t paying attention.
We are living in the past’s version of the future. The Cyperpunk I read in my youth is now the stuff of my daily life. It’s not as sleek as in fiction but it’s hard not to feel like it’s William Gibson’s world and I’m just living it.
We are only now getting Idoru but we are veering towards Burning Chrome. Half the anime avatars in accelerationist e/acc chats are wearing Mirror Shades and everyone watches for crypto rugs. But we are getting our Mt Gox Bitcoin back right?
What about borderless corporate worlds and mass scale surveillance identity? That’s here too. When William Gibson wrote “Disneyland with the Death Penalty” I wonder if he knew it would be the nexus of the network state debate?
We’ve even got the LoTeks in a Luddite rebellion against a world connected by dubiously transparent artificial intelligence owned by actual Zaibatsu multinationals with more power than nation states. Fact and fiction spinning hyperstition better than Nick Land ever dreamed.
Snowcrash and Crash Override? It’s better. We got amazing memes and elaborate fakes of the Blue Screen of Death. It actually did suck for airlines and banks because regulatory capture is the stuff of systemic risk.
And lest you think we’ve got no biohacking in this Cyperpunk world after the pandemic we have a renaissance in systemic & holistic approaches to medicine. Suddenly everyone is aware of the risk in agribusiness. Seed oils is normie stuff. Instead of turning Luddite the Danish invented advance metabolic medicine to cope. Everyone is on GLP-1 agonists.
Mix in the rise of nicotine and THC and you’ve got a national post prohibition bloom of folklore cures whose research has been suppressed by pharmaceutical companies and regulatory bodies alike. Conspiracy? Maybe but just the sludge of industry.
And in that all of the is our founders are global citizens who have to manage anarcho-tyrannical borders with visas controlled by incompetent governments and live through the geopolitics of wars fought with drones and propaganda. The future is already here. It’s actually pretty cool. Just watch out for nervous system tics.
I don’t want to make this into a whole thing but the Republicans have posted the GOP party platform. The Silicon Diaspora is now such an important constituency we’ve got enough sway to move policy.
And it wasn’t the one I expected. Scientific progress was something I’d come to associate with liberals. It would seem Democrats are not as certain about being technically progressive anymore. But the middle that builds is a constituency.
It’s such a small thing and I know politicians don’t have a track record of doing what they say. But the idea that a ragtag group of internet friends could get our issues given place of pride in a platform feels nice. A multimodal pro-social game yielded a positive sum.
We want more technology being built quickly by those with the agency to do so. We’ve got diseases to cure, climate change to adapt to, software to be coded, nuclear reactors to be spun up and a long path to space from there.
I hope the value of better medicine, better tools, and more ambition makes its way to everyone.
For now I think it’s cool that I can see where every line in this policy document came from. A very hodge podge group of internet weirdos in Discords, policy shops, Twitter communities, and group chats got politicians to agree with us. It feels kind of nice. I believe FreedomToCompute is a constitutional American right and we are proving our case
I haven’t watched it yet today but hopefully I’ll at least put on a few clips to enjoy fighter pilots, aliens, inspirational Presidential speeches and fireworks.
The backdrop of drama in the media about Joe Biden is in some ways an ideal way to recall the fractious American community. A continent held together not by ethnicity or religion but by entirely abstract ideals is going to constantly tested.
The theory of print capitalism posits that capital sprung from the solidarity of nationalism presented for the first time in mass media. The common cause of one’s countryman makes it easier to levy for taxes for conflict.
We are far beyond print in our media now. It’s almost cheap to call out media climate “totalizing” an it undersells the experience. Social media makes the experience of Americanness so fluid it ranges from aesthetic choice to the anarcho-tyranny of ailing power.
And yet we try to do better as the general temperament of the nations. America is a place where the founding mythos is that anyone from anywhere can become one of us.
The nationalism of belonging in America has nothing to do with meeting a check box of criteria. Though we are trying to make it more so with bureaucracy. The ideal is that free country sets the condition so anyone succeed. Liberty is a hard fought thing. You can celebrate it in a manner that’s pleasing here. Namely fireworks.
Happy 4th of July everyone. I’m as committed to the American project. The frontier is in our souls and we search it out together in freedom.
The original culture and the commodification of the culture is a spectrum and the Tommy Hilfiger Event Horizon is infinite. Who makes culture, who money and who only brings money can be challenging to calculate.
The validation of something “cool” eventually reaches a point of opportunistic acceptance by those merely into a thing for the capital. Sometimes it’s social and sometimes literal currency.
These so called “sociopaths” who follow the momentum often do not realize that they are just in it to capitalize on cool. I don’t want to suggest anyone in a thing for money or cachet is a sociopath just that incentives for status are significant drivers for people.
Often we need the people in it for the money. It’s wonderful that angel investing exists and momentum investors have perfectly rational incentives. Sometimes you will even see significant self awareness about this. If you put resources into a community and don’t cause trouble you are often welcome.
Now you can refer to this type in startup investing as dumb money. The follow-on capital that is riding on the work of others who authentically believed before a thing was cool is a necessary part of the ecosystem.
I don’t at all mind when someone is a follower. You can be “a cringe follower late adopter” or whatever terminology we are now using to describe laggards in the adoption curve.
Unless you are a pain in the ass, actively predatory, or making your contribution more trouble than it’s worth, you should go ahead and lend your support if you can take the risk.
Don’t take it personally when hipsters sneer. They may have been earlier than you but it’s fine to back winners. Just don’t expect the founders to give you special dispensation for getting on board when it was safe to do so. It’s right that the alpha premium applies. I personally love it when not only am I right but I got paid more for the privilege.
Everyone has their entertainment and mine is makes me a little bit of a stereotype. I hate podcasts but do most of my chores while listening to Bloomberg’s Odd Lots podcast.
I was catching up today with an interview with equities analyst Tom Lee. My attention got caught and stuck on his description of Bitcoin.
“Yes, Bitcoin is unlike other asset classes because there is a cooperative value. You know, the people who contribute to the network benefit from it. And that’s different than any other asset class.”
Now I don’t think this is unique to Bitcoin. Cooperative value can be found in everything from nationalist politics to luxury handbag resale pricing. But I do this it’s important to have cooperative values be baked into a network for it accrue value.
We’ve traditionally mitigated concerns about market cooperation through clear property rights and legal protections. We’d backed up those claims with things as abstract as a monarch. We’ve evolved to it to the slightly more concrete full faith of the United States and Byzantine bodies of securities law. Fiduciary duty and all that.
But as we become less inclined to trust that the buck does in fact stop “anywhere” we are looking for ways to mitigate that risk. How to operate in a world without trust? You develop trustless protocols. Humans have plenty of intuitions about trust and many these intuitions struggle without a clear person with authority to act.
So I ask if we are heading into a “headless” age?
As distrust in institutional power struggles we are seeking out new ways to continue the business of life and civilization even if a high trust society is in question.
You could even argue that we’ve got headless political parties as the Democrats and Republicans both struggle with defacto heads nobody particular trusts. I don’t know if we can live in a headless democracy. Deciding who is a citizen is a very different matter than deciding who is a shareholder.
The fracturing of the social web has made it harder to connect person to person.
The enjoyment of sharing a platform or a protocol with other humans is undermined as grifters and opportunists bang against artificial intelligence slop and algorithmic manipulation. It’s just not as fun to be online in that atmosphere.
I happen to like putting a little more of humanity out here on the edges of the great social media seas. I am not everyone’s cup of tea but at least you know what flavor I am.
Context windows are important because they help AI models recall information during a session. Have you ever forgotten someone’s name in the middle of a conversation a few minutes after they’ve said it, or sprinted across a room to grab a notebook to jot down a phone number you were just given? Remembering things in the flow of a conversation can be tricky for AI models, too — you might have had an experience where a chatbot “forgot” information after a few turns. That’s where long context windows can help.
Part of my affection for “blogging” whether it’s on my own WordPress powered website or Twitter (remember when we called it a microblogging service?) is that it gives the chance to establish a large context window for me.
You can definitely make predictions about me based on what I’ve shared. If I am as complex as million token window (which is what Google’s Gemini can now handle) I would honestly be surprised. So go ahead and augment any conversations you have with me with the wider context of Julie. It’s my goal that it allows us to connect better.
I think a lot about media, and in particular the technology that powers media. An informed population can still act in its own best interests but what we get told affects what we perceive as our best interests. And as we become more informed naturally some skepticism of the intentions of power arise.
Media affects how nation states wage wars. As we’ve evolved from print to television to radio to the internet how we sell the costs of war changed. But there are always populations who pay enough attention to be skeptical.
The open internet was born of that skepticism of government even so much of the technology emerged thanks to America’s heavy investment in defense industries.
Scientists used to have a wide range of politics and it’s not a surprise that defending American interests is a popular idea amongst people who work for the government. But maybe you see things and fight for more accountability along the way.
The GWOT unevenly affected millennials. If you were middle class your kid probably didn’t join up unless being in the service was how you got to being middle class. There was no draft.
Being in Colorado I had exposure to folks who worked for defense contractors as a lot of the private sector had settled around the cluster of talent from Boulder’s science labs down to the Air Force Academy in Fort Collins.
But there has been skepticism in all the branches of government as it became harder to control the narratives. And Americans don’t particularly like the idea of having propaganda even though I’d argue we produce and consumer enormous quantities of it as a nation.
I wish I could be more cogent about any of this. I am regularly shocked by how little people seem to remember how we prosecuted these long wars. We quickly forget.
Don’t be too sure human nature had changed. Don’t be too keen to give the government power because you are afraid. We’ve already seen what they do with it.
