2024 Moderns
How far we have come as near mid-2020s moderns in one of the 3 major superpowers on planet Earth - star system Sol.
Nvidia beat expectations today on Wall Street. I’m not an investor in Nvidia, but had publicly disagreed with people like Michael Burry who were calling Nvidia a bubble way back in November of last year, if I remember correctly.
The once humble graphics card and semiconductor designer is now, by market capitalization, America’s 3rd most valuable public company or right up there. From fueling the video game era of a decade ago, to driving cryptocurrency mining in the early years, and to now providing the pulse and brains for emergent LLM AI arrays, Nvidia is the “new steel” in the sense of our new economy.
Just as the city builders of a little over a century ago required a lot of high quality steel, today our global tech economy requires ever greater “compute” — or computational ability — to thrive.
Betting against Nvidia is to reveal you don’t understand this pulse, nor the economic creatures born by this new economy.
Similarly, in a world where creativity is over time valueless — or, at minimum, not “unique” in any tangible way — provably counterfeit free currencies (like cryptocurrencies) become very valuable to everyone. If raw compute is the steel, crypto may very well be the oil of this new economy.
I received some recent requests to do another podcast episode, or livestream. Appreciate that such content is missed. I did a video update earlier today from my home base: https://www.tiktok.com/t/ZT8EBNk1w/
Hope that holds everyone over.
It is a useful video, in that it explains (perhaps more elegantly than I’ve done here) my various altcoin bets for this season, aside from Bitcoin itself.
Perhaps more than other thinkers, I try to make my money choices an expression of who I am and where I feel the world is headed technologically and culturally.
Speaking of money, also appreciate the recent tips. Good to be appreciated for years of research even though — at moment — I’ve chosen not to take on a larger voice.
Closer to election, I may.
https://paypal.me/davidseaman
Or I may not. Will feel things out as they get closer. 2024’s election cycle may not be the moment to air all of my interests and ideas.
Yet as always, truthfulness, impact, and being helpful are my aims. And to be clear, the win at the moneychanger table over the last several months makes me more hopeful for the future — not less.
Onward,
D