I consider it on-par with LinkedIn posts. It inhabits a nether-space between reality and fiction where names, numbers and buzzwords are thrown around without much concrete connection to reality.
The LinkedIn MBA hive-mind doesn't give a shit about reality, it gives a shit about what it could be fired for saying/not-saying. It must always be saying something, what it is saying must promise growth, and what it is saying must sound similar enough to what the long-tail of influential business "luminaries" (who are bound by the same rules) are saying. It is required to frame thinking in terms of techno-babble and pop-psychology (thank you for coming to its TED talks). It is not allowed to reflect, wring its hands, think critically, lean on math, logic or history, or contradict the S&P 500. It does not care, for example, if NFTs are an obvious scam, or if we're headed for an obvious bubble, or if nobody who interfaces with reality for a living agrees with what its saying. When it errs and lights trillions of dollars on fire it shrugs and moves on. It's a babble-box with no epistemic commitments and a very thin referential connection to reality.
It nevertheless has the power to shift literal trillions of dollars of capital over time.
It's actually all fiction, it's just that a lot of it happens to line up with reality, thanks to a lot of coercion.
IMO, that's what makes the tech so amazing.
I consider it on-par with LinkedIn posts. It inhabits a nether-space between reality and fiction where names, numbers and buzzwords are thrown around without much concrete connection to reality.
The LinkedIn MBA hive-mind doesn't give a shit about reality, it gives a shit about what it could be fired for saying/not-saying. It must always be saying something, what it is saying must promise growth, and what it is saying must sound similar enough to what the long-tail of influential business "luminaries" (who are bound by the same rules) are saying. It is required to frame thinking in terms of techno-babble and pop-psychology (thank you for coming to its TED talks). It is not allowed to reflect, wring its hands, think critically, lean on math, logic or history, or contradict the S&P 500. It does not care, for example, if NFTs are an obvious scam, or if we're headed for an obvious bubble, or if nobody who interfaces with reality for a living agrees with what its saying. When it errs and lights trillions of dollars on fire it shrugs and moves on. It's a babble-box with no epistemic commitments and a very thin referential connection to reality.
It nevertheless has the power to shift literal trillions of dollars of capital over time.