Chamath missed the metaverse rocket 
Chamath is scaling into Web3. Metaverse is just a small subset of Web3.
He mentioned two people taking chips off the table. One of them is Elon right?
Many billionaires and smart monies are taking money off the table. These guys have group think. No need him to tell me. Is all over the tweeters’ world. For example, Puru keeps talking bearishly, so I take it to mean liquidate some position for cash… now at 50% cash. I have cut 50% for most positions. Some I just let go.
This type of disrupting is 
Most recent fintech has made the need for FICO score obsolete. Good disruption 
More examples of good disruption.
Doing away with physical keyboard in phone is
Doing away with steering wheel in car is
how are they measuring credit worthiness of borrower?
For example for SQ, they know your credit worthiness since your payment is through them.
I once thought about buying FICO. Surprised to find that it’s a San Jose company!
smart contract may complement it, given Jack is a big crypto supporter himself
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Two weeks into the bashing then he notices?
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If BNPL was so profitable, then retailers would offer it themselves. It’d be the newest cash cow behind extended warranties. There’s a reason they are letting a third party handle it.
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Amazing how these companies repackage this bs and raised billions and billions.
#SillyConValley
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February’s headline:
“Tons of people who used BNPL are defaulting and companies are having to write-off massive losses.”
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Short AFRM, SQ and SOFI.
