Web∞ (Crypto, AI, & VR/AR)

The heart, the brain, the eyes. [Altucher Confidential] February 27, 2024 [WEBSITE]( | [UNSUBSCRIBE]( Investors who get ahead of this curve will be peering from their villas into paradise… wondering where and how it all went right. [Hero_Image] Web∞ (Crypto, AI, & VR/AR) [Chris Campbell] CHRIS CAMPBELL It’s called Web Infinity. Or, simply… Web∞ The thesis: As the Internet grows and evolves, it’s going to continue to evolve its own rules, economics, and culture. I say “continue” because this has already happened. From the earliest days of ARPANET up through today's platforms and web3 systems, distinct governance philosophies, business models, and social dynamics have crystallized around different parts of this digital landscape. BUT Three key technologies are going to be fundamental to Web∞. Crypto, AI, and AR/VR technologies. The heart, the brain, and the eyes. Allow me to explain. And reveal why they are complementary and, taken together, breathtakingly bullish. The Heart (Blockchain) Blockchains have one goal: printing blocks. Think of them as primitive digital organisms striving to continue existing. Their only goal is to produce the next block. Every minute. Every hour. Every day. Each block produced is akin to a heartbeat -- a sign that blood (data) still pumps through its veins. Just as the biological heart does not concern itself with the external impact or personality of the total organism… It matters little to the blockchain what value it creates in the world. But in an open-ended, complex world, narrow structural aims can lead to broad, unforeseen impacts. Three examples: Gutenberg never aimed to upend Europe's religious social order -- he tinkered to mechanize printing. Yet mass-produced Bibles shook institutional authority. The builders of ARPANET never aimed to reshape global commerce and politics -- they sought reliable military communications. Yet packet networking paved the way for today's Internet. And the humble honeybee never aims to pollinate the flower -- he aims to make honey. Yet pollination is an indirect positive consequence (that allows him to continue making honey). Goal-driven but incidentally disruptive. What’s an unintended positive consequence of the blockchain’s goal to print blocks? Cooperation. Blockchains pay people to cooperate. Cooperation is the fastest path to creating blocks. It’s also heinously good for positive forms of innovation. Attention! Before You Read Any Further… [James Altucher]( Hey, it’s James. Before you read any further in today’s issue, an urgent situation needs your immediate attention. If you don’t plan on claiming this upgrade to your Altucher’s Investment Network subscription, you’re missing out on a huge opportunity. Right now is your chance to grab one of the biggest (and most valuable) upgrades our company has ever made to a newsletter. I’m taking Altucher’s Investment Network to an entirely new level and I’d hate to see you left behind. [To see how to claim your upgrade, just click here now.]( Once you’re done with that, read on to see today’s issue… Bullish? At the bottom of the bear market, crypto’s total market cap was $800 billion. Mind you, that’s almost 6x bigger than it was in March 2020. That’s despite all hell breaking loose in the crypto markets. Crypto empires fell. Programmers were imprisoned. Crypto billionaires disappeared without a trace. And still… $800 billion. In the last bull run, the market hit $3 trillion. In this one? Our eyes are on $8 trillion. Maybe more. Now, onto the brain… The Brain (AI) If blockchain is the heart of this new digital superorganism called Web∞, AI is the brain. The blockchain pulses blindly while the AI reaches out to grasp particulates. If the blockchain's singular focus is on perpetuating itself by "printing" new blocks, then by analogy… AI's fundamental goal would be to perpetuate and improve itself. And its secondary effect? It might be to redefine intelligence. Traditional intelligence in the modern economy is reactive. It waits until things break to fix them. It responds to problems, but rarely anticipates them. It’s almost always surprised by problems, despite their sheer certainty. On a personal level, it’s that tinge of anxiety you get -- especially when you’re poor or in a place far from civilization -- right before you put the key into the ignition. The horrible thought that the car might not start, throwing your life into upheaval. That anxiety that a problem is lurking around every corner is warranted. (That’s why we buy warranties.) Today's intelligence is like a technical support center -- available to assist when systems fail or when users request help, but rarely proactively addressing issues before they arise. (Which is why the line’s always busy.) It passively collects data, processes requests, and provides analysis upon demand. It does not self-direct to explore open-ended questions or outline long-term strategies. It attends to alarms as they sound but does not scan the horizons for early signals or shifts in underlying conditions. Present-day intelligence is thus rooted in reaction more than prediction. It inherits a view of the world as a linear chain of causes and effects, rather than an interconnected web of emergent probabilities. It lacks imagination to envision alternative futures or composure to steer the currents of change toward optimal outcomes. With the help of AI… The intelligence of tomorrow is proactive, predictive, and anticipatory. The blockchain crystallizes collaboration out of narrow self-interest; AI crystallizes anticipatory design out of narrow artificial learning processes. Bullish? Already AI scheduling systems show the value of optimization algorithms allocating resources for higher productivity. This foreshadows more anticipatory intelligence in logistics, manufacturing and operations planning as predictive models guide wiser decisions. This level of automation would also create an environment where traditionally non-creative industries will have the ability to take more creative risks. Art is no longer a realm reserved for weirdos who tape bananas to walls… It’s for anyone who appreciates the power of form and function. (Anyone who has driven an Italian sports car. Anyone who owns a bespoke suit. Anyone who has admired enough Philippe Patek watches to know which one is their favorite. Anyone who has written with a precision pen. Anyone who appreciates handcrafted knives. Anyone who travels with Rimowa or Tumi luggage. They all understand form and function. “The future is already here,” William Gibson famously wrote in a 2003 issue of The Economist, “it's just not evenly distributed.”) The Eyes And the eyes… The eyes take in the surrounding world and project vision to avoid hazards or identify opportunities… Augmented reality (AR) technologies take data about the real-world environment and blend it with digital information. Virtual reality (VR) creates blank digital spaces that users can immerse themselves in by looking around and interacting. AR brings the digital into the real, while VR brings the real into the digital. AR layers useful context onto real spaces to enhance situation comprehension -- from geographic cues to object labels to social cues reading facial expressions or gestures. It augments perception to amplify cognition. I could be Facetiming with a Vietnamese doctor specializing in leaky gut, but I wouldn’t have to fumble with Google Translate. Subtitles would show me exactly what he’s saying -- and vice versa. There’s also the prospect of Jarvis-level prototyping in both AR/VR. With the advent of more flexible manufacturing, blockchain can be used to protect intellectual property while monetizing the data (IP-NFTs), AI is useful for rapidly iterating design variants, and AR/VR aids rapid virtual testing before physical production. Thus accelerating the centuries-long trend of ephemeralization: do more and more with less and less until eventually you can do everything with nothing. Much as 3D animation, broadband infrastructure, and responsive cloud servers animated Web 2.0, this trinity of crypto, AI and AR/VR make up the stack kindling Web Infinity today. Investors who get ahead of this curve will be peering from their villas into paradise… Wondering where and how it all went right. Stay tuned for more. Bullish: James recently put together a [WILD video explaining why VR/AR is the next big moneymaker](. If you haven’t seen it, it has everything to do with Apple’s “Vision Pro.” Caveat: He’s going to tell you NOT to invest in Apple stock. Instead, there’s one stock that’s going to treat early investors to potentially massive returns: [Click here for the full interview with James](. Until next time, [Chris Campbell] Chris Campbell For Altucher Confidential ⬇️ [Watch New Video From James Altucher]( ⬇️ [Click here to learn more]( [Click here to learn more]( [Paradigm]( ☰ ⊗ [ARCHIVE]( [ABOUT]( [Contact Us]( © 2024 Paradigm Press, LLC. 1001 Cathedral Street, Baltimore, MD 21201. By submitting your email address, you consent to Paradigm Press, LLC. delivering daily email issues and advertisements. 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