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- 🔔 The Metaverse is already here…
🔔 The Metaverse is already here…
EQONEX: Institutional-grade crypto exchange, built to support and enhance crypto adoption.
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Heard about the metaverse?
It's the Next Big Thing™ that everyone is selling.
Our online experience will be very different from the physical one, just stick on some goggles or a ridiculous helmet, and you can be whatever you want to be...
If you want the short version just mash together Westworld, The Matrix and Snow Crash, and you'll get the picture...
If you want to see just how deep the rabbit hole goes, this is an excellent primer 👇
The Metaverse has been positioned as both a successor state to the mobile internet, as well as a platform for human leisure, labor, and existence at large.
The success of this vision depends on whether the Metaverse has a thriving economy. And we know what makes for a thriving economy: competition and a constant cycle of disruption/displacement, a large number of profitable enterprises (especially small-to-medium businesses), capital mobility, strong consumer spending.
No-one can convince me that there won't be demand for a metaverse.
Alternative realities already exist and we LOVE them.
Just this weekend, an 18-year-old won her first major Tennis title: the U.S. Open...
If you read about it on Twitter, you'd be forgiven for thinking that the only reason for her victory was because of some deliberate immigration policy.
Commentators were so keen to prove their point and relate everything back to Brexit.
These people already live in alternate realities, where Brexit is responsible for everything (bad) that happens. The same is true of Trump, QAnon, Never-Trumpers, and so on...
Here in Spain, this lovely lady was asked 'what to do about VOX?' (seen as the right-wing 'extremist' party), and replies...
"KILL"
Madre mía, no había visto esto ayer.
—"¿Qué hay que hacer con Vox?", pregunta Rufián
—"Matar", contesta la chica.
¿Ven el peligro en este tipo de discursos, mezclados con las redes y los nuevos formatos? https://t.co/Z73VusYUh7— Matthew Bennett (@matthewbennett) September 6, 2021
Imagine a world where this is possible...
An immersive experience where you can live out every fantasy without consequence.
All of the fun and none of the responsibility...
ALL OF THE FUN AND NO CONSEQUENCE OR RESPONSIBILITY.
Who would bet against that?
Then there's the payments...
That space will be HUGE.
Apple vs Epic Games is not going away anytime soon...
The Next Big Thing™ demands the end of the gatekeepers.
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While we're on the subject of Apple, don't forget the new iPhone and Watch launch event tomorrow...
Quick rundown of the rumours here 👇
And this is where to watch... 👇
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Ever wondered how to analyse tech stocks?
Be less like the Druck and more like Benton...
Tech Industry Analysis:
Legendary investor Stan Druckenmiller tells a story of turning in his first report as a young analyst, very proud of his fundamental research, charts and analysis.
“This is useless,” said his boss. “What makes the stock go up and down?”
Thread 1/14— Dan Nystedt (@dnystedt) September 12, 2021
3/14 Benton Rules
In that spirit, here are the Rules for Technology Stocks set down by Dan Benton, when he was a top ranked PC analyst at Goldman Sachs (1988 – 1993). Much of it remains valid today.— Dan Nystedt (@dnystedt) September 12, 2021
Some rules stand the test of time...
7/14 Benton Rules
Valuation:
7. Value investors don’t make money in technology. There are few ‘cheap’ technology stocks.
8. Don’t buy on relative P/E, P/B, P/R, particularly when estimates are falling (see Rules 1 and 2).— Dan Nystedt (@dnystedt) September 12, 2021
The thread is well worth a full read (especially for 'value' investors 😁)