Earnings Call, Other
E60: The 2021 Bestie Awards PLUS Jack Dorsey starts the Web3 Wars
- The podcast schedule is projected to reach 69 episodes with a special guest, potentially featuring Jack Dorsey on episodes 69 or 420, while establishing a permanent rule of recording with no weeks off starting in 2022 and maintaining a weekly Friday release schedule through January 26th (Upfront Summit) and May (All-In Summit in Miami).
- Upcoming live events include an episode recorded at the Upfront Summit on January 26th and the All-In Summit in May with 300 total tickets available (250 paid, 50 free via bestie codes), with all content simulcast and an ongoing internal NDA regarding a feud between two hosts.
- Blockchain is predicted to be the future of the internet, threatening current political, economic, and social systems while democratizing finance, with DAOs expected to generate $400 million and eventually $4 billion within 10 years as legal frameworks evolve.
- The cryptocurrency and NFT sectors anticipate growth where OpenSea's monthly volume reached $3.46 billion by August, yet most current "fluff" is expected to fail due to a lack of SEC regulations, while retail investors may gain leverage over institutions in Web3 and GameStop sectors.
- Major tech valuations are shifting as the "F" in FANG (Meta) is forecast to peak within one to two years, with talent leaving big tech potentially impacting operations over a three to five-year horizon, while Tesla is expected to replace Meta in market dominance.
- New York City is projected to transform into a tech and crypto hub under Eric Adams, who is expected to reverse previous administrative damage, while Miami is predicted to emerge as a major tech destination and San Francisco's progressive policies face potential backlash and recall.
- Political analysis suggests a global transition where populism rises in response to wealth concentration, the US may lose reserve currency status due to debt, and authoritarian regimes in China and Russia are emboldened to crack down on citizens, creating a roadmap for centrist campaigns.
- The pandemic is predicted to wind down slowly rather than via herd immunity, with Omicron expected to be less virulent and new oral antiviral pills from Pfizer and Merck potentially ending the pandemic next year, though side effects from protease inhibitors could cause significant deaths.
- Inflation is forecast to remain non-transitory, while biotech companies like Moderna are pivoting toward cancer treatments, and plasma fusion is predicted to achieve net energy creation within 10 years despite China's control over critical battery minerals and legal delays in American energy programs.
- Starship aims to scale after its 100th landing to enable a multi-planetary existence, while Starlink is expected to exceed fixed broadband speeds in multiple developed nations including Belgium, Canada, Australia, Germany, the UK, New Zealand, and France.
- The "metaverse" concept is viewed as a misguided reclassification of existing digital value that will be replaced by real solutions, while the podcast hosts plan to improve team collaboration and avoid airing previous internal disputes.