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EP12 - 21 MAR 2023 - Market update, the $2M Balaji Bet, AI progress, and is the stock market in touch with reality?
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Kevin
- Market - recent pump, Balaji $2M bet, Fed Wednesday meeting, altszn is kinda back?
- AI update - moving faster and faster, GPT4 (context window, cost, hallucination)
- Media
- Great solution to NFT royalties: https://metaversal.banklesshq.com/p/lower-royalties
- There’s a number of different ways this incentivization can be accomplished. Maybe an NFT team uses an indexer system to identify all of their collectors who have honored royalties over the past year and then rolls out unique perks for these pro-royalty collectors, like allowlist spots, NFT airdrops, token-gated chats, leaderboard competitions, and more.
- Balaji classic: https://nakamoto.com/bitcoin-becomes-the-flag-of-technology
- If we were to enumerate them, we'd find that technology is internationalist, capitalist, decentralized, hyperdeflationary, networked, encrypted, digital, volatile, ambitious, and quietly revolutionary. These are the values of technology.
- Startup stories from Meituan founder: https://chinaplaybook.substack.com/p/pm1
- Great solution to NFT royalties: https://metaversal.banklesshq.com/p/lower-royalties
George
- 1 hr balaji spaces, must listen: https://twitter.com/jasonchewyl/status/1637407660751613954?s=20
- "Lot of people say the stock market is out of touch with reality. I don't think that's true. I think our free market ideology is out of touch with reality. The markets understand that in fact, the US economy is entirely dependent on government intervention and state funding" https://twitter.com/Mont_Jiang/status/1637677384802480128?s=20
- Crypto is the only ‘free market’ where there is price discovery; the ability to print money and export inflation - how long will the rest of world entertain that usage? It makes no sense, and anything that makes no sense will eventually end
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