MakelaBeth

When our AI overlords take over we will have nothing to amuse ourselves, or to give ourselves a purpose except gambling on cultural communities and memetics... At first this sounds terrible but it is most likely the birth of an entire new economy. Right now, Meme madness is building into a re-run of NFT madness from last cycle. Some people made life changing gains, many lost everything. However, within all the noise, the drama, the fun, the loathing, the profits and the losses, there is signal. The signal is how this technology will be used in the future for the attention economy in a somewhat decentralised on line world with mainly centralised AI as the control system. In the end, culture, community and the desire to share experiences is a fundamental human trait. This is why sport teams or pop stars mean more to us than many other things. It is a means of relevance, status, acceptance in a 27/7, 365 digital online society. These things ARE our new society. Politics is no different. Religion too. All are also driven by memes. Yes, this is going to be a wild ride. Please don't get carried away thinking you too can be the next meme trading god on X. You likely won't be and will be left bitter and confused at the end of it all as you endlessly chop your portfolio into the new hot thing, too late and create a massive and complex tax bill for the privilege. But feel free to experiment but with only a small part of your investments (<10% for me). What is being created here in the madness is actually the future (but it will be in a different format over time). NFT's aren't dead. The technology is profound. They will be back in a multitude of formats with art being the first true PMF but many more will follow. An OTC derivative or private loan for example are perfect use cases for NFT's, as are tickets, amongst a few examples. Tokenisation of culture will go through a similar boom bust cycle but the technology is important and the use cases will expand. This is also a re-run of the unchain capital formation craze of ICO's. That will return too but in a different, less wild guise. Was the same with DeFi in 2020 too. That trend too is only going to grow through the various boom bust experimentation cycles with stable coins being the initial PMF. Think of speculation as the boot strapping, battle-testing, dog-fooding of the tech. It is always the earliest manifestation of a trend. It can also be hugely rewarding but by nature carries the ultimate level of risk. Also, we all knew that AI and Crypto would meet to create a different world. The first phase of that is now underway in the crypto casino, being battle-tested in a pretty crude, basic format but make no mistake, AI agents will use token incentivisation on each other and humans and agents will use tokens for payments for compute costs + profit. It is sometimes hard to see where this is all going but step back and observe the deeper significance. I can see that memes, NFT's, ICO's, DeFi etc are all early-stage use cases of a gigantic societal and economy shift. On top of all of this is AI, which is bigger than all of this but is less easy to invest in. However, the very idea that we can tokenise the Attention Economy is deeply profound but as attention operates on very variable time horizons (from hours to years or even decades) it often require different skills that traditional investing/trading. Maybe the AI will soon be better than use at that too. The one truth in all of this is that blockchain technology is the key beneficiary and due to the powerful behavioural incentives of tokens, the number will keep going up over time. Currently we are a $2.5trn economy in Crypto Land and I think it goes to $100trn over the next 10 years. That trend will create the largest, fastest accumulation of new wealth in all human history. This is THE big Game. You probably only have around 6 years before everything changes. Don't fuck this Up.