AI, Crypto, and America

2025-01-07 10:23:53 Primitive Reading

From medium By: Derek Edws, Managing Partner @ Collab+Currency

My mom left the Philippines when she was 21 years old — armed with a degree and $50 in her pocket.

She would navigate America with a quiet determination.

Every educational course became an investment in her professional agency.

Every dollar became a brick in her financial foundation.

She would earn her Master of Nursing at UCLA, and go on to work directly with countless military veterans in VA hospitals over a 40+ year nursing career.

Like most Americans at the time, both naturalized and natural born, her mobilization was made possible by a unique country with three features:

(1) An open economic system;

(2) incentivizing merit-based contributions;

(3) with established property rights to protect ownership over new wealth generated.

Work hard. Outperform. Store wealth.

Compound these actions over a lifetime, and anyone could enjoy a piece of the American dream.

As I expand upon in this essay, I’m no longer confident our legacy playbooks will hold up against the emerging truths of tomorrow — namely, the breathtaking acceleration of artificial intelligence, and its disruptive potential on American labor.

I believe it’s critical for America to start navigating toward a new framework to match new labor realities.

And it starts by understanding the two most disruptive technological innovations of the last twenty years:

AI and Crypto.

Artificial Intelligence

Thirty years ago, internet search engines were introduced to the world.

Their value was deceptively simple:

Retrieve the world’s data.

Twenty five years later, OpenAI’s ChatGPT is the fastest growing consumer application in history. The product enjoys 300M weekly users, with over 10M in monthly paying subscribers. In just under two years, the product generates roughly $3B in annual revenue.

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