World After Capital

This episode is brought to you by:

Fidelity Investments. Fidelity Investments is constantly researching and experimenting with emerging technologies like crypto assets and blockchain to improve the lives of their customers. Fidelity already provides a comprehensive set of products and services to individual investors, employers, and financial advisory firms. For more information, please visit fidelity.com.

[00:02:16] – Defining what it means to be human

[00:03:56] – Trans-humans vs neo-humans

[00:04:37] – The concept of Qualia

[00:05:25] – Albert’s investment philosophy

[00:08:27] – How Albert began his exploration into cryptocurrencies

[00:12:59] – Most exciting things blockchains could enable

[00:14:27] – How does Albert view blockchain technology from the view of a venture capital investor

[00:17:00] – Why Albert thinks that the dominant cryptocurrency of our time may not exist just yet and what he is looking for in protocols that will become the leader in the space

[00:20:16] – What are the central functions that will be important in cryptocurrencies

[00:21:22] – The state of regulation in the cryptocurrency space

[00:27:37] – What has Albert most excited for the future of blockchain

[00:29:10] – The idea of universal basic income

[00:32:26] – How do you solve the problem of giving money value in a world of universal basic income

[00:35:00] – How scarcity has changed over time

[00:39:01] – Role of financial capital in the last 200 years of civilization

[00:42:39] – Are we as a society only capable of solving problems once they become an immediate threat

[00:44:15] – Explaining the idea of attention as a scarce resource

[00:47:56] – The two key drivers of change; zero marginal cost distribution and universality of computational power

[00:53:13] – What should we as investors and inventors be focusing on as the new objective function

[00:57:24] – Scariest aspect of this transition into the knowledge age

[00:59:45] – Three basic freedoms we all seek; informational, economic, psychological

[01:02:13] – Fermi’s paradox and the scarcity of attention

[01:02:56] – How Albert thinks about his own day and wellbeing given all of this information

[01:05:01] – Kindest thing anyone has done for Albert