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  • 10 years from now we fast forward, it's 20, what are you doing, what is your daily life like and what has the world changed into?

  • You must be thinking about this, you know, tell me both because you don't seem to be losing any speed with what you're doing over there.

  • Um do you ever think about that and what do you think it will be?

  • So while I have a vision of where I think the world will go, I don't know that I'm working at it in terms of this is where it goes five or 10 years because really the future changes literally week by week at the pace of the way things are going.

  • But you know, in general, I would say my hope is that there will be this complete open metaverse, right, where even the largest companies just like with open source are now participating in the open universe allowing for those transactions and trade of these guys is basically built on some form of Blockchain, I think there'll be many different block chains around but there'll be interoperable with each other And essentially we have sort of this asset validation that happens across and you can really sort of have this freedom of movement and freedom of trade of these assets, and we as a society will be paid for our digital activities, you know through our time and through our data.

  • And I think I think in 10 years from now this concept of universal basic equity, I think it's going to be much more commonplace, It might not be called Universal basic Equity, but it'll be the same concept because essentially we get paid for our activity in clear terms for the value we provide by adding to that network effect, which then means that we will have a society as well that will have generally bore broader equities.

  • I think it is the framework to me or there will be more equity in the world because we all have the ability to engage in that capacity because the constructs of scarcity are no longer restricted with physical limitations.

  • Right?

  • And that's the that's the part where people sometimes also struggle with us.

  • Well, if it's not actually scarce, right, then, you know, why is it valuable for instance?

  • Right.

  • But the scarcity comes from you because it's your mind, it's your creativity and it's actually scarce because you know, you're not gonna live forever.

  • So whatever you're thinking of, we'll have a finite date sadly.

  • Right?

  • And that makes it truly precious.

  • And what makes it precious is whether you choose to work or whether you choose to spend it with your family or whether you choose to build in your business.

  • That is how you choose to spend your time.

  • And that is what's really scarce.

  • And that is the basis of where I think the world hopefully will go to and for ourselves, you know, I mean, I don't know right?

  • But generally if it's 10 years from now.

  • I can actually think I'll be continuously still kind of doing what I'm doing maybe in different ways but still actively building, you know, the open open metaverse and engaging in it Because I think 10 years from now there's going to be new challenges that will emerge that will be also coming there.

  • And I think if we do it right, we will continue to be meaningful players in the space to try to help shape it.

  • So we have a role to play, but not as one that owns the space, but just simply one that is an influential voice as everyone else has a sort of a sort of an interest in the success because we own a stake but we don't control it.

  • And I think that's kind of where I would like you to go for, you know, all the major players in the digital world, I see digital equity as that way of delivering property rights to All right.

  • And actually as a way where we can actually sort of really sort of then have our digital by owning our digital data, we have our digital, we basically own our digital life, which basically means we actually have real freedom to do what we like to do, which is really, you know, in the end of the day, what we can all hope for and and and and that idea, you know, that's the idea of America right?

  • I mean, you know when I was in, when I grew up in Austria.

  • Uh I didn't know what a miracle is like at all.

  • And actually visiting America actually visit there.

  • I came there actually in the in the in the early 90s and my first place was actually a worcester Massachusetts, which was not a great place at the time because of the height of recession and everything.

  • It was completely not what I imagined America to be like because America was just recovering or just coming out of, you know, a pretty bad time.

  • But the idea of America was all powerful.

  • Right?

  • This idea that you know, you you could build a better life for that that you had sort of, you know, equality, freedom for all, you know, human rights, all these things that sort of, you know, America stood for.

  • That is that was the powerful thing.

  • And I think to me the open metaverse represents the same thing, which is, we're never going to get there exactly that way, right.

  • Utopia or the best environment that we can think of is something to strive for.

  • But in that sort of attempt at perfection, we will continue to chip away at making it better.

  • Right?

  • And so what we need to do is make people understand how that better future could be like and therefore we all want to go there And sort of influence the world that way.

  • So I think this is where we're going to be 10 years from now.

  • You know, we're not going to be at the end point.

  • I don't think we'll ever be at the end point, but we're going to continuously evolve there and go in the right direction.

  • I would hope do you think this is one of the most important inflection points in humanity, whether we can go one way or the other when it comes to the future of our species by owning our own digital property rights, is it that important?

  • I think it's absolutely important, I think is, you know, perhaps the most important paradigm that we need to understand.

  • I think we have a duty to tell all of our Children and everyone in the world that you must own your digital property because if you don't, you'll get left out.

  • And if you get left out in due course in time, what will happen is that just because of the economics involved in everything, you we will no longer be able to participate in that or you'll be left behind as well.

  • You know, this is the problem about digital divide.

  • This is the problem about, you know, access of information, right?

  • It's all this.

  • It's the same thing.

  • We have an opportunity to actually push everyone roughly at the same time.

  • I mean, of course it's not exactly the way that it's going to work.

  • But you know, this type of thing is I think really, really important because data is the most valuable resource and in the future it's already here anyway.

  • You know, labor is not valuable at all.

  • Right.

  • And so you need to own your stuff.

  • And where are we going to go when everything is produced for you anyway?

  • It must be, you know, that your own property, you must own equity and it's not going to be physical equity.

  • It's going to be the matter equity, the virtual equity and you must own that.

  • And and I think I think this is so important.

  • It is so fundamental because this is also the way in which we have stability.

  • You look at governments today, the kind of government that have high land ownership as a ratio and that have generally a ratio of property rights that is sort of abundant, I would say as a percentage distributed through a corporation tend to be very stable.

  • Right?

  • Because everyone has a stake in that.

  • We can, but the ones that don't were basically land ownership is distributed really by a small ratio tend to be quite unstable.

  • Right?

  • And that's simply the and the same will be true in in virtual equity.

  • It's no different.

  • Right?

10 years from now we fast forward, it's 20, what are you doing, what is your daily life like and what has the world changed into?

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A2 equity digital sort property america scarce

THE METAVERSE 10 YEARS FROM NOW ? Yat Siu

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    林宜悉 posted on 2021/11/20
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