Tela Network

Been thinking about AI a lot recently. Had a discussion with a friend, which I then turned into an article. Start: ----- StJohn Piano: A thought i am circling around a lot recently, which has relevance to your career: StJohn Piano: There is value in synthesis. StJohn Piano: With AI, the value of the raw production of information, e.g. an article or a code module, is approaching zero, or at least a very small amount. For example, the physical and mental cost of typing and grammar checking has dropped precipitously. StJohn Piano: However, difficulty and scarcity and therefore tradable value always remain, somewhere, somehow. ----- Read the rest here: https://telablog.com/there-is-value-in-synthesis

" These are the last days of social media as we know it. ... Social media was built on the romance of authenticity. Early platforms sold themselves as conduits for genuine connection: stuff you wanted to see, like your friend’s wedding and your cousin’s dog. Even influencer culture, for all its artifice, promised that behind the ring‑light stood an actual person. But the attention economy, and more recently, the generative AI-fueled late attention economy, have broken whatever social contract underpinned that illusion. The feed no longer feels crowded with people but crowded with content. ... The difference between human and synthetic content is becoming increasingly indistinguishable. Earlier this year, CEO Steve Huffman pledged to “keep Reddit human,” a tacit admission that floodwaters were already lapping at the last high ground. " https://www.noemamag.com/the-last-days-of-social-media

Viewpoint = what someone thinks Mythos = the story-world that makes those thoughts feel true / Re: 'silver is an industrial metal and has no monetary value'... The awakening is spreading and everyday people are looking for a place to keep their cash. They are getting priced out of gold - silver is their only option. It is ultimately the people who will decide what has monetary value and what doesn't. / Source: An (edited) comment from: https://youtu.be/tQa6mNXcM4s We can see an underlying doctrine: People can decide the monetary standard. And another one: Gold is too expensive for the average person, therefore it can't be the primary monetary standard. What is most interesting to me is that it is a democratic inversion of the goldbug mythos, which says: 1) People must adapt to the most powerful monetary standard. 2) The best monetary standard will have the highest price. Summary: Goldbug mythos: monetary truth is discovered. Silverbug mythos: monetary truth is ratified.

The first wave of Bitcoin Banks have started to emerge in the form of Bitcoin Treasury companies such as Metaplanet, Twenty One, and MicroStrategy. They are all trying to do one thing: acquire as much BTC as possible and use it to generate returns in whatever way possible for their shareholders. In short: they are attempting to bridge the gap between the old Fiat system and the new digital asset system by treating Bitcoin as a stock, not as gold. I don't have a concrete idea of how Bitcoin can be used in finance but I do know that using it to create returns as if it were a stock is unlikely to work in the long term. I believe that a good use of time is to research and experiment with how a group of individuals can come together a collectively grow a stockpile of bitcoin. Step two would then be how to financialise that or issue a token on top of the Bitcoin whoch could be used everyday in a small geographical area.

Bitcoin is the first modern monetary system that is outside of the political control of any state. In the pre-modern era (earlier than the French Revolution), gold (and to some extent silver) was above the state. If the state issued too much currency, its value would visibly decrease relative to gold. However, tech advancement caused gold to become too difficult to protect on a small scale. Gold centralized into a few major locations inside states. It became impossible for an individual to escape the effect of money printing. Inflation is effectively another tax. (It also destroys the measuring stick that we use for value, and therefore for business.) For most young people, a house is out of reach. This was one of the only remaining ways to escape (somewhat, and badly) the debasement of inflation. For the next 15-30 years, despite the scams / fear / uncertainty / doubt, I think that Bitcoin will remain the most achievable method available to a young person to save for the future.