E94: NFT volume plummets, California's overreach, FBI meddling, climate change & national security
- Sep 1, 2022
- 1:23:02
- Full Episode
(0:00) Bestie intros + Burning Man debate (4:16) NFT trading volume plummets (10:20) California's new fast food wages bill, government creating bad incentives, how the free market response will further the labor issue (40:15) Zuckerberg on Rogan, FBI interference with the Hunter Biden laptop story (52:00) Balancing fighting climate change without harming the economy or national security, EU energy policy failure (1:06:04) Besties reflect on Mikhail Gorbachev's passing
Follow the besties: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg
Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast
Intro Music Credit: https://rb.gy/tppkzl https://twitter.com/yung_spielburg
Intro Video Credit: https://twitter.com/TheZachEffect
Referenced in the show: https://cointelegraph.com/news/looks-bare-opensea-turns-into-nft-ghost-town-after-volume-plunges-99-in-90-days https://www.youtube.com/watch?v=XlXSGqvP-A8 https://thefederalist.com/2022/08/30/zuckerbergs-admission-of-fbi-meddling-in-2020-election-is-even-bigger-than-it-seems/ https://www.nytimes.com/2022/08/23/us/california-nuclear-power-diablo.html https://www.wsj.com/articles/california-fast-food-wages-would-be-set-by-government-under-bill-passed-by-state-senate-11661811509
Brief Summary
The episode discusses Burning Man, NFT market decline, California's fast food wage laws, and Gorbachev's legacy.
Key points
- NFT Market Collapse. The NFT marketplace OpenSea sees a staggering 99% drop in volume since its peak.
- California's Legislative Changes. California enacts significant laws affecting fast food wages and environmental standards.
- The Rise of Automation. As minimum wage increases, restaurants may turn to automation, reducing jobs for workers.
- California's Economic Divide. The state is creating a divide between the very rich and very poor, with a disappearing middle class.
- Moore's Law Reimagined. Moore's Law has shifted from CPUs to GPUs, changing the landscape of computing.
- Government Intervention in Tech. Governments may not grasp the rapid advancements in AI and tech, leading to unintended consequences.
Episode highlights
- NFT Market CollapseThe NFT marketplace OpenSea sees a staggering 99% drop in volume since its peak.“Volume has dropped 99% since the first peak!”4:26Sep 1, 2022
- California's Legislative ChangesCalifornia enacts significant laws affecting fast food wages and environmental standards.“California is becoming extremely legislatively active!”12:00Sep 1, 2022
- The Rise of AutomationAs minimum wage increases, restaurants may turn to automation, reducing jobs for workers.“The number of jobs for humans will be dramatically lower.”30:35Sep 1, 2022
- California's Economic DivideThe state is creating a divide between the very rich and very poor, with a disappearing middle class.“This is not a recipe for delivering a thriving middle class to America.”34:29Sep 1, 2022
- Moore's Law ReimaginedMoore's Law has shifted from CPUs to GPUs, changing the landscape of computing.“Moore's law never ended, it just shifted to GPUs.”36:48Sep 1, 2022
- Government Intervention in TechGovernments may not grasp the rapid advancements in AI and tech, leading to unintended consequences.“Governments will be shocked at how much faster they're pulling forward the future.”37:51Sep 1, 2022
- FBI's Role in CensorshipZuckerberg reveals the FBI's influence on Facebook's handling of the Hunter Biden laptop story.“The FBI should not be intervening in elections that way; that's the bombshell here.”46:51Sep 1, 2022
- Balancing Economy and EnvironmentThe discussion highlights the tension between environmental action and economic stability.“We can't save the planet by destroying the economy.”52:21Sep 1, 2022
