Tag: Stream of Consciousnesses

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Community Media

Day 819 and Calculating Gravity

When astronomers discover a black hole they don’t get to it’s position by observing it directly. They calculate the position of it by its gravitational force on other bodies. We only know it’s there because of what it is doing to others.

I like this as a metaphor for a lot of things recently. I can calculate the gravity of a media narrative by calculating the gravity of all the players. Sometimes what you are being shown is simply the gravity of other players being acted on by something larger.

A good reason for owning a media property of any size, from Twitter to the New York Times, is that you can exert your gravity in ways that are much larger than your surface area might presume. A black hole is super dense. Please insert the required Elon Musk joke.

I’d like you to take this metaphor into your own life. See where you exert more gravity on life than someone might presume. You will discover a lot about your power in relation to individuals, your family, and your professional & personal organizations.

The center of gravity of a situation may not be apparent on first blush. But if you calculate out the positions and their orbits perhaps you can find a path that serves your needs. And most crucially one that serves your resources. If you can’t escape the event horizon you tend to get sucked in. So be sure you have done your fuel calculations too.

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Emotional Work

Day 818 and Lucky

My favorite apartment (though not the best) was #8 in a building on Bayard (whose address also contained an 8) deep in Manhattan’s Chinatown.

I’d often wondered how I came to be the tenant of such an incredibly lucky apartment in Chinatown. I’m not Chinese but somehow I stumbled into a very luckily numbered apartment.

The number 8 is believed to be the luckiest number in China because ‘8’ is associated with wealth. ‘Eight’ (八) in Chinese is pronounced ba and sounds similar to fa (发, traditional character: 發) as in facai (发财), meaning ‘well-off’ or ‘becoming rich in a short time’.

China Highlights

I do consider myself lucky. Maybe that’s why I’ve had so many good things happen to me. Though I can recall a few bad things along the way too. The luck of the double 8 apartment brought me many good years while I lived there. I was sad to leave it but I moved in with my soon to be husband and that was lucky too.

I feel lucky today remembering my double 8 home. Seeing the double eight in todays post of 818 reminded me that lucky is all around us if we are willing to look for the signs. That sounds superstitious but I’d prefer to think of it as believing that will find luck through deliberate action. Like renting a great apartment or writing every single day. If you look for luck it finds you.

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Startups

Day 817 and RIP SVB

I hadn’t expected to grieve the death of a bank. It sounds so preposterous. Who the fuck feels sad about a bank failing? But I am genuinely sad that the Silicon Valley Bank name doesn’t appear be living on with its new owner First Citizens Bank.

I guess I look forward to banking with First Citizen. They seem like nice enough folks. And maybe a bank is just a bank. But as I look back on the firsts that Silicon Valley Bank gave me I realize I will miss it. I’m sad they are gone.

The first check I saw with more than one comma was from Silicon Valley Bank. My very first company was acquired by a startup that banked with them. Ironically, right before the 2008 crisis was beginning to come onto the scene. I had a small window of fleeting security where I enjoyed a steady paycheck every two weeks with payroll done by Silicon Valley Bank. I remember thinking I was so rich. Even though I was super pissed my cofounder had a better salary than me as Silicon Valley culture dictated at the time that engineers make more.

If you are a fan of history then you will enjoy knowing that yes I did get fired during the infamous RIP good times affair. Thanks Sequoia! They were our main investors. Still I appreciated the opportunities as I was so young I wasn’t very good yet. I’ll forever have loyalty to my CEO for having treated me much better than I thought I deserved.

I also I also really loved the steady paychecks from Silicon Valley Bank. Now I think to myself why didn’t I take any pictures of it? Why don’t I have that moment recorded anywhere but my memory? Why am I now recounting this fifteen years later.

I’ll never get another check from Silicon Valley Bank again. I just didn’t have the expectations in life that I’d be the sort of person with a bank account with more than a million dollars. Let alone that I’d be in control of one and entrusted to do something responsible with it. Which has now happened multiple times at Silicon Valley bank over the years for me. Guess no one wants to have more than $250,000 in a bank right now though huh?

So goodbye Silicon Valley Bank. I’m so sad I’ve got nothing to remember you but. I didn’t take a screen shot of the bank app on the day Stowaway’s first round closed but I should have. I spent a lot of time in their banking application over the years running my cosmetics startups P&L. I remember being so proud to be the sort of person that even needed to deal with the bank. And I trusted Silicon Valley Bank with my employees because I’d seen it treat me well when I was an employee.

It seems so silly to mourn not taking a picture of a check or a screen shot of a mobile banking app but I don’t really know how to mourn a bank that failed. We failed them. They failed us. And it’s dead and I’ll never ever get a chance to do it all over again, and even if they are a villain, I remember when they were the hero in my life.

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Startups

Day 816 and S Tier

I fancy myself as someone who enjoys playing games. I mostly play the great game but I enjoy a good stupid grinder. Pokémon Go, Duolingo, and Fitocracy all appeal to my sense of hard work mattering.

But, of course, games have exploits. Some of them are significant. Sometimes leveling up is just a matter of getting lucky. A side quest dropped you an s tier item and the game engine smiled on you. Yay!

Silicon Valley mistakes luck for skill pretty regularly. And we don’t take it that well when other people use the same exploits as us because damn it that’s just not fair!

So rules tend to get rewritten and the hacks get patched and the economy in grinder games reliably defaults back to rewarding repetitive work. It’s not that different from the real economy. Gamers want to know clever game play works but not as much as they want to keep the value of what they have earned. It’s a real tension those sunk costs! Even if starting over benefits you the tendency to cling is understandable.

You’ve got to know when to spot when an activity is worth more than the general perception. You used to have to do this sort of work on your own but thanks to the internet we’ve got cheat codes literally everywhere for everything.

Don’t confuse the fact that cheat codes work for the fact that grinding came be the right approach for the game you are playing. Sometimes putting in the work means being a team player is valuable. Sometimes you are the glass cannon. Sometimes your style of play will offend others. Don’t take it all so seriously that you cannot stomach making a move. What’s the worst thing that happens?

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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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Politics

Day 811 and Hierarchy

I came across an interesting bit of reading on the relative stability of hierarchies of violence today. It’s a tidbit on a Substack so epistemic status is that I learned something and I’m thinking a lot about trust as we live through various crisis points in real time on networked media.

The article that starts with prison gangs and the weight of violent action on bosses and gets deep on hierarchical stability and selection pressures. I really do recommend the reading as it gets into Scottish kings, American federal bureaucracy, and military service academies.

I’m working on improving my theory of organizational structure because somehow I am one of the louder “thinks in public” about corporate governance and decentralized autonomous organization. It’s a bit of an accident as I am just very interested in how collectives organize resources at different scales.

Some of investing thesis surrounds a nexus of how we organize decentralized power when centralized powers wish us your in-group to be illegal or killed. It’s a salient question for all of us in an age of institutional failure and I’m keen to learn more about what works in the most adverse situations.

Skarbek might call this market competition for governance, an Italian futurist might say “War is the hygiene of the world”, a musician might say a rolling stone gathers no moss, a survivalist that the quickest stream is the freshest…But the phenomenon remains. the devil reigns in hell… because where else are you going to go

I’m a doomer but only because I’m keen to head off going to hell. I’d like to avoid us having to return to a Hobbesian war of all against all just because we’ve gotten a little tired of liberalism because it allows for out-groups to live and let live. So putting it out there that functional systems can be stable and maybe stability isn’t our only goal.

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Emotional Work

Day 809 and Powerful

I’ve been through the gauntlet over the last month. And despite the nauseating rollercoaster of it all, I feel powerful. I am happy that I’ve drawn upon who I am and the boundaries required. It’s been liberating in a professional capacity but I can also see how my personal life got bigger and better as well.

The future is looking as uncertain as a Paul Atreides without the spice. I cannot see how it resolves. I see only hard choices and responsibilities both individual and collective. And I feel ready to hold my ground on what I contribute. But I will be holding others to theirs as well.

We’ve got a long ways to go. Many people do not wish to see things as they are. Issues both material and social are gripping America and by extension the world as the dollar hegemony comes into question over powerful institutional distrust. The power that comes in holding your gaze on what it could all mean and not turning to panic in fear is immense. I am not turning away.

I hold the knowledge that I can do everything right and still fail. I have faced the no win scenario. The Kobeyashi Maru of it all is that sometimes we lose. And we will feel it. And those feelings matter. But then we shoulder the burden and do what needs to be done. The only one who can save you is yourself. And I chose to see the power in the hard choices.

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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.