mert inspired memos
- internet money means you have to be conservative given the amount of noise and speedrevisit
- Internet money means more noise means more volatility means preparedness matters more than ever? Or just don’t look at market?revisit
mert w/ BTC takeover
- On PoS (-1:14)
- Voting means consensus (not really necessary)
- Sol mkt cap: 100b
- BTC, sol, zec, hyper liquid, eth
mert w/ when shift happens
- Privacy means speed (<> focus)
- <> faster computation <> aaronson
- 0:15-0:28
- Private to public won’t work, seizure risk (<> knowledge goes from private public)
- Privacy and ideas (<> popper)
- With privacy everything becomes a Turing test
- On corporate network (initially) only corporate knows, onchain means everybody knows
- Digitization. Content YouTube. Shopping Shopify Amazon. TV Netflix. Trading SOL HYPE
- Pareto efficient
- Prediction market = skin in the game
- Internet connectivity means nothing is local (<> onchain) (e.g., Covid)
- Brandolini’s law: easier to spread than verify (fake news) (<> bullshit) (<> truth is harder) (<> bullshit moves faster)
- =relate with notes on news and media=
- Metcalf’s law: connectivity isn’t linear
- Money can move faster