Raoul Pal On The Exponential Train
Raoul Pal, the macro-economist and crypto enthusiast, has hopped aboard the exponential growth train of technology. He is putting together a serious studying all the ways that technology is going to provide exponential growth over the coming years (and decades).
In this video I discuss how, in spite of his recent findings, this is something that many of us discussed for years. It is nothing new in technology and it is what started me writing about the Age of Abundance on Hive near 4 years ago.
Nevertheless, it is a very important concept to understand and how it is all going to affect things going forward.
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BEER.Recurring subscriptions and all the technology would definitely be interesting. What do you think the block chain will look like in 5 years?
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Hive or blockchain in general?
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In general. I don't think it is right to just focus on HIVE since people will pick the right chain for themselves.
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That Age of Abundance is sure taking it's sweet time, 4 years and we still have a long way to go :)
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Ah well, we have a lot of scarcity to overcome. Worst is undoing a lot of the mindset while breaking the stranglehold of the mainstream institutions.
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Summary:
In this video, the speaker discusses Raoul Pal, a macroeconomist with a growing interest in cryptocurrencies and technology. The speaker highlights how Pal's recent focus on exponential growth aligns with the speaker's long-standing discussion of the potential in technologies like blockchain, quantum computing, AI, and virtual reality. The speaker emphasizes the concept of convergence, where the combination of multiple technologies leads to explosive growth, citing the example of smartphones. The discussion delves into the exponential growth potential of various technologies, the impact of data growth, and the transformative power of cryptocurrencies beyond just financial aspects. The speaker also stresses the deflationary nature of technology, the rapid advancements in technology, especially in decentralized finance (DeFi), and the shift towards a tech-driven economy. The video underscores the importance of understanding and leveraging exponential growth in technology for future advancements.
Detailed Article:
The speaker initiates the video by introducing Raoul Pal as a macroeconomist who has recently shown a growing interest in cryptocurrencies, technology, and the concept of exponential growth. The speaker notes the irony in Pal's excitement towards exponential growth, as it has been a long-discussed topic in the speaker's videos and articles. Drawing from his experience in the finance sector and background in technology, the speaker notes that the potential for exponential growth was evident in technologies like blockchain, quantum computing, AI, and virtual reality, even before Pal's recent interest.
The concept of convergence, where multiple technologies merge to drive explosive growth, is underscored through the example of smartphones. Highlighting the rapid adoption of smartphones in the United States within a short period, the speaker emphasizes the transformative power that arises when distinct technologies unite. The convergence of blockchain, quantum computing, AI, and virtual reality is predicted to lead to enormous advancements, particularly when they culminate in the metaverse.
Moving beyond financial implications, the speaker underscores the importance of viewing cryptocurrencies as more than just financial instruments but as pivotal technological drivers. The discussion touches on various aspects such as governance tokens, security tokens, access tokens, and subscription models within the cryptocurrency space, all of which entail coding and technological advancement.
Furthermore, the exponential growth of data is highlighted, emphasizing its paramount role in the evolution of technology. The speaker observes the proliferation of cryptocurrencies, projects, tokenization, and applications, emphasizing the burgeoning nature of the digital landscape. The introduction of NFTs is emphasized as a novel development that enhances digital ownership.
The speaker delves into the deflationary nature of technology, contrasting it with inflationary economic models. The impact of technology on various sectors like energy, construction, healthcare, education, manufacturing, retail, and transportation is discussed, pointing towards exponential technological advancements permeating every industry.
In conclusion, the speaker celebrates Raoul Pal's growing interest in exponential growth and technology, considering his influence in disseminating these ideas to a broader audience. The video forecasts an age of abundance driven by exponential technological progress and urges viewers to pay attention to the transformative potential of technology across various sectors.